Cowen lowered the firm’s price target on eBay to $46 from $48 and keeps a Market Perform rating on the shares. The analyst said they reported 4Q results that were close to in line; GMV was fractionally below our estimates while revenue and adjusted operations income slightly beat our estimates as EBAY results continue to decline on y/y basis amid macro.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on EBAY: