A roughly 40% gain since the dot-com days is no small feat for eBay (NASDAQ:EBAY) … though it’s worth noting the stock remains off significantly from its 2004 peak of almost $60 (adjusted for splits).
So is the stock on the way up or on the way down? Well, what fueled the company’s growth in the early 2000s — a look beyond the online auction space into more mainstream e-commerce, and integration of PayPal after a shrewd 2002 acquisition of the payment processor for $1.5 billion — might fuel future growth. PayPal technology is at the forefront of mobile payment functionality for smartphones, including allowing you to use your PayPal account to buy drinks at the bar!
What’s more, the company is riding 10 straight quarters of revenue gains. All that means there’s reason to think that eBay has more pop left.