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Skype may be broken in more ways than one, but after taking day or two to reflect, some analysts are back on the eBay bandwagon. JupiterResearch's Patti Freeman Evans told me that "without the Skype writedown, things look pretty good." She said eBay's users are active in the U.S. and abroad. It's all because they've refocused on their core auctions business. How is the rest of the field reacting?

Here are the highlights, handily pared down from SeekingAlpha's voluminous list:

  • JPMorgan: Raises estimates, juiced about surprising revenue and operating profits.
  • UBS: Raises price target from $38 to $41, still has concerns about erosion in core listings growth.
  • Merrill Lynch: Reiterates Neutral rating, still waiting to hear if other new investments will flop like Skype.
  • Goldman Sachs: Raises price target from $43 per share to $51, likes stable growth.
  • Deutsche Bank: Downgrades eBay from hold to sell, complains about 2 percent transaction volume growth (and potentially declining soon), user disengagement, higher ad costs, declining purchase frequency, rising seller costs and operating margin pressures.
  • RBC: Raises price target from $40 to $44, but only because they're optimistic about the whole sector.
  • American Tech: Raises price target from $45 to $47, approves decision to cut auction listing fees.
  • (Photo by Ryan Fanshaw Photography)