UBS raised the firm’s price target on eBay (EBAY) to $82 from $73 and keeps a Neutral rating on the shares ahead of the July 30 earnings report. The firm sees sustained low single digit FX-neutral growth for Gross Merchandise Value, placing eBay in a place where it can sustain 3% Net Revenue, 6% growth in Operating Income, and ~10% Adjusted EPS growth for the near to medium term, the analyst tells investors in a research note. The firm thinks this scenario is already priced into shares.
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