eBay price target raised to $65 from $60 at Jefferies

Jefferies raised the firm’s price target on eBay (EBAY) to $65 from $60 and keeps an Underperform rating on the shares as part of a Q3 preview for the analyst’s U.S. internet coverage. The firm, which expects investors to focus on 2026 growth and AI disintermediation following a series of recently announced ChatGPT integrations, recommends owning names offering a combination of insulation against AI risk and peer-leading EBITDA growth, the analyst tells investors.