eBay price target raised to $50 from $48 at Baird

Baird analyst Colin Sebastian raised the firm’s price target on eBay to $50 from $48 and keeps an Outperform rating on the shares. The firm said they continue to like the stock, particularly for value-oriented investors, as eBay’s focus category strategy stabilized GMV, revenues are increasing modestly, and margins/EPS are both growing with shareholder-friendly capital allocation.