eBay price target raised to $57 from $50 at Baird

Baird analyst Colin Sebastian raised the firm’s price target on eBay to $57 from $50 and keeps an Outperform rating on the shares. The firm believes Q1 results suggest management is on track with the potential return to GMV growth in 2H 2024 on stable or better margins, which Baird still views as a meaningful catalyst.