Piper Sandler raised the firm’s price target on eBay (EBAY) to $95 from $74 and keeps an Overweight rating on the shares. The firm notes Q2 results were very strong across the board, with gross merchandise value growth accelerating over 2% to +4% year-over-year cc and the U.S. accelerating to 7%. Focus category investment appears to be paying off. Piper likes the improving fundamentals, and management is now able to reinvest more profit dollars to grow top line.
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