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Top analyst: Buy eBay on positive checks

EBay Inc. signage is displayed at the entrance to the company's headquarters in San Jose, Calif.
David Paul Morris | Bloomberg | Getty Images
EBay Inc. signage is displayed at the entrance to the company's headquarters in San Jose, Calif.

Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks' performance. This piece highlights analysts with great track records who are not necessarily from the biggest firms.

One of the best analysts on Wall Street says investors should buy eBay on solid survey results and product improvements, which show the company is on track for the first quarter.

Colin Sebastian of Robert W. Baird has a 67 percent success rate recommending stocks with a 15.3 percent one-year average return, according to TipRanks. Sebastian is ranked in the top 1 percent of all Wall Street analysts.

The analyst reiterated his "outperform" rating on the company with a $30 price target, marking nearly 20 percent upside.

Here is why the Sebastian is bullish on the e-commerce leader.

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