Evercore analyst Mark Mahaney maintains $eBay (EBAY.US)$ with a hold rating, and adjusts the target price from $48 to $62.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 28.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $eBay (EBAY.US)$'s main analysts recently are as follows:
The company's Q3 revenue and gross merchandise volume slightly surpassed guidance, with margins meeting expectations. However, the shares experienced a downturn due to the Q4 forecast not meeting consensus expectations. Observers are awaiting further indications of consistent, robust sales growth.
eBay's third-quarter outcomes were fundamentally positive, but the fourth-quarter forecast acknowledges a challenging operating environment. Additionally, eBay's preliminary commentary looking ahead to fiscal year 2025 appears to largely support the existing estimates.
The Q4 Gross Merchandise Volume guidance for eBay matched estimates, yet it encompassed more take rate pressure than anticipated due to the impact of fee changes in the U.K. C2C. There is an ongoing search for indicators of enduring growth that could lead to a more positive outlook.
Note:
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