BofA raised the firm’s price target on eBay (EBAY) to $82 from $71 and keeps a Neutral rating on the shares ahead of the Q2 report due on July 30. The firm is slightly raising estimates for strong Q2 e-commerce data and U.S. dollar depreciation since Q1 earnings, the analyst tells investors in a preview.
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’s Strong Q2 Performance and Cautious Q3 Outlook Justify Hold Rating
- eBay price target raised to $82 from $73 at UBS
- Amazon, eBay, Walmart sued by Trump Organization, CNBC reports
- EBAY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- eBay price target raised to $90 from $75 at Deutsche Bank