Mizuho initiated coverage of eBay (EBAY) with a Neutral rating and $98 price target The firm said it is impressed by the management team and level of execution at eBay, which has driven GMV growth from (1%) in 2023 to up 6% last quarter. Mizuho sees potential for upside to EPS estimates, but less so for the multiple, as any slowdown in GMV growth could weigh on the multiple, making the firm cautious on chasing here, despite the formidable execution, the analyst tells investors in a research note.
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