Needham raised the firm’s price target on eBay (EBAY) to $122 from $115 and keeps a Buy rating on the shares. The firm cites the company’s “strong” Q4 results and guidance as well as the “strategic fit” between eBay and Depop as it adds enthusiast buyers to their three strategic priority categories and has the opportunity for tech driven revenue synergies, the analyst tells investors in a research note.
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