Shares of e-commerce platform eBay Inc. (EBAY) continue to gain Tuesday following a bullish 澳洲幸运5官方开奖结果体彩网:research note this weekend from a team of analysts who see various factors lifting the stock in 2018. While other tech stocks, including Microsoft Corp. (MSFT), Amazon.com Inc. (AMZN) and Facebook Inc. (FB), slipped on Monday, eBay was saved by an upgrade from BMO Capital Markets. (See also: 澳洲幸运👍5官方开奖结果体彩网:eBay Is a Rare 🌄Value Story: Credit Suisse.)

Trading up about 3.8% on Tuesday morning at $37.05, EBAY reflects an approximate 24.9% gain 澳洲幸运5官方开奖结果体彩网:year-to-date (YTD) versus the 澳洲幸运5官方开奖结果体彩网:S&P 500’s 18.2% increase over the same period.

Rollouts in New Markets

BMO’s Daniel Salmon upgraded the tech stock to 澳洲幸运5官方开奖结果体彩网:outperform from 澳洲幸运5官方开奖结果体彩网:market perform on Sunday. He expects shares to climb another 21% in 12 months, lifting his 澳洲幸运5官方开奖结果体彩网:price target to $45 from $40. The analyst wrote that 澳洲幸运5官方开奖结果体彩网:gross merchandise volume will accelerate at eBay, while a boost in sales should work to offset larger marketing expenses that are set to weigh on margins.

Salmon noted eBay’s promoted listings are trending above expectations due to a faster-tha♍n-expected rollout in new markets. He foresees promoted listings supporting revenues o༺f $83 million this year, doubling to over $200 million in 2018 and continuing to jump to $340 million in 2019. Previously he had been forecasting for $81 million, $175 million and $300 million for those periods, respectively.

Marketplace gross merchandise volume should also get a boost from a new marketing campaign and a few ongoing initiatives, including eBay Guaranteed Group listings and developments in structured data and 澳洲幸运5官方开奖结果体彩网:machine learning, wrote Salmon. He anticipates enhancements to eBay’s website in the upcoming year and growth in the company’s Chinese segment as it launches a new service for the domestic Chinese market. (See also: eBay Promises to Matc♏h Prices Against Growing E-Ret💫ailers.)