Benchmark raised the firm’s price target on eBay (EBAY) to $78 from $75 and keeps a Buy rating on the shares. While eBay is not immune to the broader environment, the company “put up another solid print” despite all the macro uncertainty and, “perhaps more impressively, managed to leave the full year outlook largely unchanged,” the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBAY:
- eBay price target raised to $69 from $65 at Cantor Fitzgerald
- eBay price target raised to $75 from $68 at Baird
- eBay’s Resilience and Growth Potential Amidst Economic Challenges: A Buy Recommendation
- eBay price target raised to $74 from $70 at Piper Sandler
- eBay’s Strong Q1 Performance and Strategic Differentiation Justify Buy Rating