In a report released today, John Blackledge from TD Cowen maintained a Hold rating on eBay, with a price target of $72.00.
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John Blackledge has given his Hold rating due to a combination of factors that suggest a balanced outlook for eBay’s stock. The company’s projected growth in gross merchandise volume (GMV) and revenue for the second quarter of 2025, aided by favorable foreign exchange conditions, indicates some positive momentum. However, these gains are partially offset by macroeconomic uncertainties and seasonal factors such as Easter timing, which could impact overall performance.
Moreover, while eBay’s management has identified strengths in specific categories and geographic investments, the broader economic environment remains a concern. The potential for reduced inventory on competing platforms due to tariffs could benefit eBay, given its focus on used and refurbished goods. Despite these opportunities, the overall growth projections and market conditions justify maintaining a Hold rating, as the stock’s performance aligns with expectations without significant upside potential.
Blackledge covers the Communication Services sector, focusing on stocks such as Netflix, Alphabet Class C, and Meta Platforms. According to TipRanks, Blackledge has an average return of 13.6% and a 59.88% success rate on recommended stocks.
In another report released on July 17, Bernstein also maintained a Hold rating on the stock with a $75.00 price target.