TD Cowen raised the firm’s price target on eBay (EBAY) to $80 from $72 and keeps a Hold rating on the shares. The firm said 2Q results were solid, as GMV, revenue and EPS all beat estimates, driven by acceleration across Focus Categories, which grew 10% yea-over-year while 3Q GMV guide was 3.4% ahead of estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBAY:
- eBay price target raised to $85 from $75 at Bernstein
- eBay price target raised to $89 from $81 at Morgan Stanley
- Cautious Hold Rating on eBay Amid Modest GMV Growth and Long-term Uncertainties
- eBay’s Strong Performance and Growth Potential Justify Buy Rating
- eBay’s Strong Performance and Growth Potential Justifies Buy Rating