Analyst John Blackledge of TD Cowen maintained a Hold rating on eBay, boosting the price target to $84.00.
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John Blackledge has given his Hold rating due to a combination of factors, including expectations of slight growth in eBay’s Gross Merchandise Volume (GMV) and revenue. While the company is benefiting from a strong U.S. consumer market and favorable foreign exchange conditions, these positives are somewhat offset by potential challenges such as tariff impacts and the end of de minimis exemptions.
Despite eBay’s shares outperforming the S&P 500 year-to-date, and growth in focus categories and advertising, there are concerns about the potential impact of a weaker consumer market on the collectibles business. Additionally, while there is a forecasted increase in active buyers, the slight decline in the marketplace take rate suggests a cautious outlook. These mixed signals contribute to the decision to maintain a Hold rating, reflecting both the opportunities and risks present in the current market environment.
In another report released on October 15, Bernstein also maintained a Hold rating on the stock with a $95.00 price target.
Based on the recent corporate insider activity of 109 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.