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Pro Analysis

As big tech stocks surge to records, Credit Suisse says eBay is a rare ‘internet value story’

An employee walks past eBay signage at the company's headquarters in San Jose, California.
David Paul Morris | Bloomberg | Getty Images
An employee walks past eBay signage at the company's headquarters in San Jose, California.

Credit Suisse raised its rating on eBay shares to outperform from neutral, predicting its marketplace sales growth will improve this year.

"EBay is a rare value story. ... While eBay remains a turnaround story, marketplace growth is stable and has the potential to accelerate in 2H17/2018, driven by platform changes and product innovation," analyst Paul Bieber wrote in a note to clients Monday entitled "An internet value story with several paths to value creation."