Justin Post Bank of America
Merrill Lynch
Justin Post, who works out of San Francisco, repeats in second place. “In a sector followed by permabulls, Justin stands out for his no-holds-barred approach,” says one buy-sider. The Bank of America Merrill Lynch analyst upgraded San Jose, California’s EBay from hold to buy in June 2011, at $32.27, making the case that the online auction-services provider would see strong growth from its newly added shopping cart feature, which allows users to compare prices, and its offline PayPal point-of-sale service, among other factors. In March, with the stock up 10.9 percent, to $35.78, he pounded the table. Through August the shares leaped to $47.47, advancing 32.7 percent since the reiteration and 47.1 percent since the first call. “Internet media and e-commerce will continue to see double-digit average growth over the next five years as offline transactions move online,” he says. “Currently, we prefer the e-commerce space over Internet media or interactive entertainment, as it is best positioned to benefit from the mobile-Internet migration.”