eBay price target lowered to $47 from $54 at Truist

Truist lowered the firm’s price target on eBay to $47 from $54 and keeps a Hold rating on the shares. The company’s Q3 results were in line with the muted consensus estimates while Q4 outlook missed on growing consumer softness in the U.K., Germany and the U.S. markets, the analyst tells investors in a research note. eBay continues to make progress on stabilizing GMV growth and protecting margins, but the stock will remain range-bound until there is acceleration in GMV to mid-single-digits, the firm added.