eBay price target raised to $53 from $49 at BMO Capital

BMO Capital raised the firm’s price target on eBay to $53 from $49 and keeps a Market Perform rating on the shares. The company’s Gross Merchandise Volume, GMV, growth is faster than the overall marketplace, though its Germany and UK businesses remain challenged given broader macro conditions, the analyst tells investors in a research note. BMO adds however that eBay’s operating margin expansion indicates that investments in buyer/seller experience and gen-AI resonates well with users and should be met with higher incremental margins.