eBay price target raised to $53 from $47 at Evercore ISI

Evercore ISI raised the firm’s price target on eBay to $53 from $47 and keeps an In Line rating on the shares. The firm “modestly” increased its estimates following what it calls “a Beat & Mixed Bracket print.” While macro conditions remain complex and challenging for eBay, the firm views management’s commitment to expense discipline and margin expansion despite new product innovation cycles as a positive, the analyst tells investors in a post-earnings note.