Wells Fargo lowered the firm’s price target on eBay (EBAY) to $62 from $64 and keeps an Equal Weight rating on the shares. The firm believes macro uncertainty is yet to be reflected in consumer demand trends, likely appearing more in Q2 2025. As a result, Wells expects more focus on Q2 commentary vs Q1 results. The firm sees increasing risk to Street expectations for flat year-over-year OI margins in 2025.
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