Wells Fargo keeps an Equal Weight rating and $62 price target on eBay (EBAY) while noting that the firm estimates accretion of about $1.6B or 2% in total GMV – gross merchandise value – for the company from its integration with Facebook (META) Marketplace in test markets of U.S., France, and Germany. The symbiotic potential relationship between the two marketplaces is increasing the firm’s 2025 GMV growth outlook, the analyst tells investors in a research note. Wells also also expect limited financial impact to Meta in the near term.
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:
- StockTok: eBay buyers can now browse directly on Facebook Marketplace
- eBay announces partnership with Facebook Marketplace
- eBay audience should ‘significantly expand’ with Meta pact, says Citi
- EBAY Stock Soars after Facebook Marketplace Integration
- Meta listings move ‘clear positive’ for eBay, says Baird