eBay price target raised to $120 from $115 at Citizens

Citizens raised the firm’s price target on eBay (EBAY) to $120 from $115 and keeps an Outperform rating on the shares. eBay delivered a Q1 beat across GMV, revenue, and operating income, and while growth is expected to slow and faces skepticism due to category mix, broad-based strength, AI-driven improvements, and international and new initiative upside support continued momentum, with investment in Depop as a key risk, the analyst tells investors in a research note.