Benchmark Co. analyst Daniel Kurnos has maintained their bullish stance on EBAY stock, giving a Buy rating today.
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Daniel Kurnos has given his Buy rating due to a combination of factors that highlight eBay’s resilience and potential for growth despite macroeconomic uncertainties. The company has demonstrated strong performance with a solid quarterly report, maintaining its full-year outlook even amidst challenging market conditions. This stability is attributed to eBay’s organic initiatives and a slight increase in active buyers, which indicate that the company’s turnaround efforts are on track.
Furthermore, eBay’s global footprint and limited exposure to sales from China provide a buffer against international trade tensions. The company’s recent financial results, including a notable beat in Gross Merchandise Volume (GMV) and a slight revenue increase, suggest that eBay is effectively navigating current economic challenges. Additionally, ongoing initiatives in customer-to-customer (C2C) sales and new category growth are expected to drive future performance, making eBay an attractive investment opportunity.
In another report released today, Citi also reiterated a Buy rating on the stock with a $79.00 price target.