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

Truist analyst Youssef Squali raised the firm’s price target on eBay to $50 from $48 and keeps a Hold rating on the shares. The company’s Q1 results suggest that the management continues to make slow but steady progress towards repositioning eBay for sustainable GMV growth, though a light Q2 guide reflects a challenging macro and growth initiatives that are still taking hold, the analyst tells investors in a research note.