eBay price target raised to $95 from $78 at Needham

Needham raised the firm’s price target on eBay (EBAY) to $95 from $78 and keeps a Buy rating on the shares after its better than expected Q2 results. The firm’s e-commerce coverage appears to be turning a corner with eBayadding to the list of topline beats after reporting an acceleration in growth, the analyst tells investors in a research note. eBay is accelerating because of the strength of their focus categories and investment in platform tools like live commerce, allowing them to benefit from improving macro conditions and taking market share, the firm added.