eBay price target raised to $55 from $45 at Deutsche Bank

Deutsche Bank raised the firm’s price target on eBay to $55 from $45 and keeps a Buy rating on the shares. The company reported strong Q4 results, along with an encouraging Q1 and fiscal 2024 outlook and modest uptick to its shareholder return policy, the analyst tells investors in a research note. The firm believes eBay’s U.S. business should return to low-single-digit growth in the first half of 2024, while the International business lags due to incrementally tougher macro conditions across its regions.