Deutsche Bank Thinks Ebay’s Stock is Going to Recover

In a report released yesterday, Lee Horowitz from Deutsche Bank maintained a Buy rating on Ebay (EBAYResearch Report), with a price target of $56.00. The company’s shares closed last Friday at $46.90, close to its 52-week low of $40.52.

According to TipRanks.com, Horowitz is a 5-star analyst with an average return of 63.8% and a 60.0% success rate. Horowitz covers the Services sector, focusing on stocks such as Booking Holdings, Expedia, and Airbnb.

Ebay has an analyst consensus of Moderate Buy, with a price target consensus of $53.55, representing a 13.1% upside. In a report issued on July 28, Credit Suisse also maintained a Buy rating on the stock with a $59.00 price target.

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Ebay’s market cap is currently $26.8B and has a P/E ratio of -9.67.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EBAY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

eBay Inc.is one of the world’s largest online marketplaces, connecting buyers and sellers worldwide. Its marketplace platform allows visitors to browse through and buy products listed for sale or auction. The company has business operations across 190 countries.

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