Barclays lowered the firm’s price target on eBay to $55 from $59 and keeps an Overweight rating on the shares. The company reported another broad-based beat for Q2 and guided Q3 ahead of estimates, but the fiscal 2023 free cash flow guide of sub-$2B on cash taxes and no real pick up in buyback are likely weighing on the shares, the analyst tells investors in a research note.
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