Baird lowered the firm’s price target on eBay to $48 from $52 and keeps an Outperform rating on the shares. The firm said Q3 results demonstrated ongoing progress towards core marketplace growth, while apparent softness in discretionary categories beginning in late Q3 and extending into Q4 to-date will likely weigh on shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EBAY: