Piper Sandler raised the firm’s price target on eBay (EBAY) to $74 from $70 and keeps an Overweight rating on the shares. The firm notes Q1 results were generally strong across the board, and Piper is raising its forward estimates. 2025 guidance calls for gross merchandise value growth, and focus category investments appear to be paying off. The firm likes the improving fundamentals, divestitures and capital return.
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