eBay price target raised to $65 from $58 at Benchmark

Benchmark raised the firm’s price target on eBay to $65 from $58 and keeps a Buy rating on the shares. Solid execution has now produced a string of successive beats, “highlighting a slow and steady recovery in eBay’s core business,” the analyst tells investors. The firm admits eBay “may not be the most exciting story and that a decent amount of the positive momentum appears to be baked in at current levels,” but adds that “there ought to be some headroom for continued outperformance.”