Bernstein raised the firm’s price target on eBay (EBAY) to $85 from $75 and keeps a Market Perform rating on the shares. The firm notes that 4% FxN gross merchandise value growth for an Internet stock – on the same evening that Microsoft (MSFT) and Meta Platforms (META) are reporting substantial double-digit growth – won’t seem like much on paper. But this quarter marked a step change for eBay’s US.. gross merchandise value, which accelerated from 2% growth to 7%. The guide implies more of the same into the second half of 2025.
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