eBay's PayPal President Steps Down; Analysts Comment

After the market close on Monday, eBay (NASDAQ: EBAY) announced that its PayPal president David Marcus will step down to lead Facebook's (NASDAQ: FB) messaging products.

The Street has reacted either negatively or favorably depending on a trader's position, as shares of eBay a down ~2 percent and shares of Facebook are up ~4 percent.

In response to this news, a number of analysts have released notes describing how they think this will affect eBay.

UBS analysts have listed Marcus' departure among its four near-term headwinds for eBay along with potential repatriation of foreign cash, the recent security breach and a Google search penalty. Despite these issues, UBS remains a Buy on eBay.

In an even more optimistic view, the team at S&P Capital has upgraded eBay from Buy to Strong Buy, despite stating that the departure of Marcus will be a notable loss for PayPal and eBay.

Finally, Pacific Crest said that the departure likely does not represent any near-term weakness or change in business.