eBay price target raised to $48 from $45 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on eBay to $48 from $45 and keeps a Neutral rating on the shares post the Q1 results. The company’s gross merchandise volume beat expectations due to continued product improvements and good execution, the analyst tells investors in a research note. The firm says eBay is showing resilient GMV growth despite macro challenges.