In an article on Seeking Alpha, it was reported that eBay Inc (NASDAQ:EBAY) has a massive potential to achieve some major milestones in 2015. eBay Inc (NASDAQ:EBAY) and PayPal are parting ways in the coming year; many experts were predicting that eBay will get a major blow when PayPal will leave the board. The source said that this is not the case. eBay Inc (NASDAQ:EBAY) is still a strong company even without PayPal. Its recent quarterly results depicted some great numbers, which shows that its revenues are increasing. eBay Inc (NASDAQ:EBAY) recorded a 12% increase in revenue growth. The EPS went up by 6% to touch $0.68.
The source disagreed with the notion that eBay Inc (NASDAQ:EBAY)’s business is getting week. It says that eBay Inc (NASDAQ:EBAY)’s core business is still strong. There might be some lags and lack of innovation, but 2015 will bring a lot of potential deals and prospects for the e-commerce giant.
The source thinks that eBay Inc (NASDAQ:EBAY) is in a transformation process and soon, it will become a Blue Chip stock. Its strong margins and revenue are indicators that eBay is a mature company and it’s just a matter of time when PayPal hype will be depleted in the markets and the company will get back in the business. Surprisingly, the source thinks that eBay Inc (NASDAQ:EBAY) has no competitors whereas we know that Amazon and Alibaba can pose strong challenges to eBay Inc (NASDAQ:EBAY).
Carl Icahn’s Icahn Capital Lp is the largest institutional investor in eBay Inc (NASDAQ:EBAY) with over 30.80 million shares in the company by June 30.
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