eBay price target raised to $55 from $53 at Piper Sandler

Piper Sandler raised the firm’s price target on eBay to $55 from $53 and keeps an Overweight rating on the shares. The company’s Q2 results were better than expected while profitability was weaker, the analyst tells investors in a research note. The firm continues to like the company’s artificial intelligence strategy and vertical focus.