International Expansion, Mobile Potential Make eBay A $60 Stock

eBay has been performing well for the past few years given the secular trend of consumer shifts to the internet, strong growth in e-commerce and PayPal doing exceedingly well. As a result, we expect eBay to grow its revenues from roughly $16 billion in 2013 to $36.5 billion by 2020, implying a compounded annual growth rate of 12.50%.

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