eBay price target lowered to $50 from $55 at Deutsche Bank

Deutsche Bank analyst Lee Horowitz lowered the firm’s price target on eBay to $50 from $55 and keeps a Buy rating on the shares. The company reported strong Q4 results but the fiscal 2023 outlook fell short of expectations, the analyst tells investors in a research note. However, the firm continues to see "green shoots" in eBay’s path towards sustainable mid-single-digit volume growth.