Yesterday’s Downgrade: eBay Inc. (EBAY)

eBay Inc (NASDAQ:EBAY) received a stock rating downgrade from Barclays on Mar-29-16. In a note to investors, the firm issued an Underweight rating and lowered the target price on the stock from $28 to $25. The analysts previously had an Equal Weight rating on the stock.

Analysts have a consensus target price of $27.97 in the 12-month period. The price objective is 16.06% higher than the recent closing price of $24.10. The 52-week price range is $21.52-$29.83 and the company has a market capitalization of $27.54 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 17 has assigned a hold rating, 0 says it’s a buy, and 7 have assigned a strong buy rating to the company.

eBay Inc (EBAY) on March 29, 2016 announced its membership in the FIDO Alliance and its FIDO® Certified open source authentication server based on the FIDO UAF protocol. Standing with leading industry members among device manufacturers and software vendors, eBay is the first e-commerce company to directly achieve FIDO certification, and the first to open source a FIDO UAF authentication server. This is the latest development in eBay’s mission to foster dynamic collaboration and create expansive opportunity across the technology community at large.

eBay is extending the multifactor authentication dialogue by making contributions from its e-commerce platform perspective. Through its membership in the FIDO Alliance and open sourcing its FIDO UAF Server and Android client, eBay is championing the effort for open authentication standards in commerce. The company hopes to further the adoption of this technology and welcomes contributors from across the Alliance to help build the community.

“eBay is constantly looking for innovative ways to stimulate seamless end-to-end experiences for users across platforms. We believe that biometrics, such as fingerprint technologies, form the bedrock for future authentication methods,” said Rajeev Angal, Director, Trust and Identity Engineering at eBay. “eBay recognizes that there needs to be collaboration across different players like hardware, software and commerce in order to establish a set of industry standards for authentication. The FIDO Alliance standards are the foundation for this cross-industry collaboration and interoperability for both service providers like us and the consumer electronics companies providing personal digital devices.”

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