eBay cut to Hold at Argus after run-up

Argus downgraded eBay (EBAY) to Hold from Buy with no price target The stock is up nearly 30% since the company reported 7% growth in net income and 6% increase in revenue in Q2 as it continues to roll out new and enhanced tech solutions, including those underpinned by new generative AI models, the analyst tells investors in a research note. The firm is also raising its FY25 EPS view by 6c to $5.39 and its FY26 view by 3c to $5.76.