eBay price target raised to $89 from $81 at Morgan Stanley

Morgan Stanley analyst Nathan Feather raised the firm’s price target on eBay (EBAY) to $89 from $81 and keeps an Overweight rating on the shares. eBay is seeing a meaningful GMV growth acceleration, though the sustainability of growth is “the key question,” says the analyst. For its part, the firm believes the acceleration is “largely durable although some one-off items may be a near-term benefit,” the analyst added in a post-earnings note.