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Deutsche Bank Maintains EBay(EBAY.US) With Buy Rating, Cuts Target Price to $63

Futu News ·  Nov 1 21:37  · Ratings

Deutsche Bank analyst Lee Horowitz maintains $eBay (EBAY.US)$ with a buy rating, and adjusts the target price from $64 to $63.

According to TipRanks data, the analyst has a success rate of 70.0% and a total average return of 31.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $eBay (EBAY.US)$'s main analysts recently are as follows:

  • eBay's Q3 revenue and gross merchandise volume were slightly above guidance, with margins meeting expectations. Despite this, the shares declined as the Q4 forecast did not meet consensus expectations. Analysts are anticipating further indications of firm, sustainable sales growth.

  • Following eBay's Q3 results, the observed performance for the quarter was largely aligned with expectations. The forecast for Q4 Gross Merchandise Volume is anticipated to be consistent with current market estimates.

  • eBay's third-quarter results surpassed expectations, though the guidance for the fourth quarter was somewhat ambivalent, primarily due to a strategic investment in the UK market. This focus on consumer-to-consumer commerce is anticipated to influence revenue and take rate shortly but is expected to balance out by early 2025. It is believed that this investment may ultimately contribute positively to gross merchandise volume and revenue.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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