eBay price target raised to $59 from $53 at BMO Capital

BMO Capital raised the firm’s price target on eBay to $59 from $53 and keeps a Market Perform rating on the shares after its Q2 earnings beat. The firm continues to await greater signals for durable Gross Merchandise Volume, or GMV, growth inflection in 2025, though its optimism continues to grow given attractive focus category GMV growth of 4% and positive inflection to overall GMV growth in Q2, with similar trends expected for the second half of the year, the analyst tells investors in a research note.