eBay Inc (EBAY): The PayPal Numbers You’ve Gotta See

Despite Amazon.com, Inc. (NASDAQ:AMZN)’s bigger presence, eBay will still be able to operate without much sidelining. While Amazon.com, Inc. (NASDAQ:AMZN) remains a top retailer, eBay caters to small businesses looking to get a go-ahead. As such, the likeliness of these two clashing is hard. The fact that PayPal is catching on, has and will continue to address the common setback of delayed payments in auctioneering.

Google Inc (NASDAQ:GOOG)’s digital Wallet on the other hand still has a lot of catching up to do. A recent study by COMSCORE, Inc. (NASDAQ:SCOR) shows that the U.S market is greatly skewed toward PayPal. Of all the consumers surveyed, COMSCORE, Inc. (NASDAQ:SCOR) established that only 41% were aware of Google Inc (NASDAQ:GOOG)’s digital wallet. This is a small percentage when stacked against the 72% who were aware of PayPal. Worse still, 48% of those aware were active PayPal users. Google Inc (NASDAQ:GOOG) Wallet’s active users came in at a paltry 8%.

Conclusion

One key highlight in eBay Inc (NASDAQ:EBAY)’s most recent earnings report was the slashed guidance for the current quarter. The company’s forecast for the quarter was below Wall Street’s expectations, sending the share price a few percentage points down at the time of the earnings report. Since then, the stock has stagnated in the $50 to $54 neighborhood. Going by the company’s growth prospects, it would be wise to pick up shares now amid the negative sentiment. There is huge growth potential in the stock.

The article eBay’s Growth Story is Only Just Beginning originally appeared on Fool.com and is written by Lennox Yieke.

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