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Here’s Why You Should Buy eBay Right Now


NEW YORK (TheStreet) -- eBay (EBAY - Get Report) shares are down more than 8% since it spun off PayPal (PYPL) in July, but a turnaround could come any day now, according to Wells Fargo analysts.

While many investors were excited by the prospects of a slimmer eBay, low third-party sales growth dampened that optimism slightly. eBay's same store sales growth, which tracks the year-over-year growth in revenues for third-party sellers, grew only 1.1% in September, down from 3.4% in August and 5.8% in July, according to ChannelAdvisor. That is well below the e-commerce industry's overall growth of 15%, according to comScore.

Nonetheless, Wells Fargo analysts see the potential for a rebound...