eBay a good e-commerce alternative to Wayfair, says Citi

Citi analyst Ygal Arounian says sees eBay (EBAY) as a good e-commerce alternative to Wayfair (W), a stock the firm downgraded this morning, that can benefit from consumers searching for value. Citi has a Buy rating on eBay shares with an $80 price target. While eBay has exposure to tariffs, it is the least impacted and best positioned e-commerce name, the analyst tells investors in a research note. Citi points out that 5% of its gross merchandise volume is from China to the U.S., and 75% of that is forward deployed so already exposed to tariffs.