eBay price target raised to $47 from $46 at UBS

UBS raised the firm’s price target on eBay to $47 from $46 and keeps a Neutral rating on the shares. eBay’s initial FY24 outlook contemplates a potential return to Gross Merchandise Value growth in the second half of 2024 even as near-term macro headwinds continue to weigh on growth expectations, the analyst tells investors in a research note.