Wells Fargo analyst Ken Gawrelski raised the firm’s price target on eBay (EBAY) to $96 from $89 and keeps an Equal Weight rating on the shares following quarterly results. The firm notes Q3 gross merchandise value accelerated to +10% year-over-year and Q4 guidance reflects stable 2-year trends. Focus turns to 2026 margin trajectory as investors await clarity that GMV strength will translate into EPS growth, Wells adds.
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