eBay price target raised to $46 from $45 at Wells Fargo

Wells Fargo analyst Ken Gawrelski raised the firm’s price target on eBay to $46 from $45 and keeps an Equal Weight rating on the shares. The firm expects eBay’s Q2 results and Q3 results to be in line with Street expectations, with commentary on ads progress and the 2H23 active buyer trajectory as the biggest swing factors on the print, the analyst tells investors in a research note.