In a report released today, Ygal Arounian from Citi maintained a Buy rating on eBay (EBAY – Research Report), with a price target of $80.00.
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Ygal Arounian has given his Buy rating due to a combination of factors that suggest eBay is well-positioned for future growth. Key among these is the integration with Facebook Marketplace, which is expected to enhance eBay’s gross merchandise volume (GMV) and drive more sustainable growth. Additionally, improvements in the UK consumer-to-consumer segment and increased seller fees are likely to contribute to better financial performance, despite some foreign exchange challenges.
Moreover, Arounian sees potential in eBay’s strategic innovations, such as the Caramel acquisition and integrations involving OpenAI and other generative AI platforms, which could provide further opportunities for the company. The expectation of continued share buybacks is another positive factor, anticipated to bolster earnings per share (EPS) estimates for the coming years. Despite potential headwinds like tariffs, eBay’s strategic efforts are expected to lead to multiple expansions and provide a strong value proposition in a challenging market environment.
In another report released on January 31, Bernstein also maintained a Buy rating on the stock with a $70.00 price target.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EBAY in relation to earlier this year.