On Nov 01, major Wall Street analysts update their ratings for $eBay (EBAY.US)$, with price targets ranging from $64 to $72.
Morgan Stanley analyst Nathan Feather maintains with a buy rating, and adjusts the target price from $71 to $70.
BofA Securities analyst Justin Post maintains with a hold rating, and sets the target price at $64.
Citi analyst Ygal Arounian maintains with a buy rating, and adjusts the target price from $65 to $68.
Barclays analyst Ross Sandler maintains with a buy rating, and adjusts the target price from $65 to $64.
UBS analyst Kunal Madhukar maintains with a hold rating, and adjusts the target price from $72 to $66.
Furthermore, according to the comprehensive report, the opinions of $eBay (EBAY.US)$'s main analysts recently are as follows:
eBay's recent quarterly results exhibited revenue and gross merchandise volume that slightly surpassed the guidance, with margins aligning with expectations. Despite this, the shares experienced a downturn as the outlook for Q4 did not meet the consensus expectations. Analysts are anticipating further evidence of robust and lasting sales growth.
eBay's third-quarter results were largely consistent with expectations, and the forecast for Q4 Gross Merchandise Volume aligns with current market projections.
eBay's third-quarter results surpassed expectations, although the outlook for the fourth quarter was somewhat varied, primarily due to a strategic investment in the UK. This investment, focused on consumer-to-consumer commerce, is expected to influence revenue and take rate in the short term. Nevertheless, it is anticipated to balance out in early 2025 and has the potential to contribute positively to gross merchandise volume and revenue over time.
Post eBay's financial disclosures and future projections, there is an adjustment in the Q4 and 2025 Gross Merchandise Volume (GMV) estimations, with a minor increase. Conversely, there's a slight decrease in the anticipated revenue and non-GAAP earnings per share, adjusting figures to $10.6 billion and $5.21 from previous estimates of $10.7 billion and $5.28, respectively, due to possible challenges in monetization.
eBay reported revenue and earnings that largely met expectations, but provided guidance for Q4 that fell short of consensus. Analysts note that the overarching narrative remains the same, with eBay's shares appearing undervalued and share repurchases offering a buffer to investors against this transitory setback.
Here are the latest investment ratings and price targets for $eBay (EBAY.US)$ from 12 analysts:
Note:
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