eBay price target raised to $68 from $62 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on eBay (EBAY) to $68 from $62 and keeps a Hold rating on the shares. Heading into Q2 earnings season for the firm’s e-commerce and consumer app coverage, the analyst notes that third-party data suggests a better Q2 than expected as the Trump administration has either struck more favorable deals or pushed out tariff implementation while waiting for deals. The firm was “too conservative in our models following liberation day” and raises some estimates among the group, the analyst tells investors in a preview.