Bernstein analyst Nikhil Devnani upgrades $eBay (EBAY.US)$ to a buy rating, and maintains the target price at $70.
According to TipRanks data, the analyst has a success rate of 77.8% and a total average return of 26.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $eBay (EBAY.US)$'s main analysts recently are as follows:
eBay's third-quarter revenue and gross merchandise volume modestly surpassed the guidance, while margins remained as predicted. However, the company's stock experienced a decline in value following a fourth-quarter forecast that did not meet the consensus expectations. Further evidence of robust, lasting sales growth is being anticipated.
The assessment of eBay's Q3 results indicated a fundamentally positive outcome, although the outlook for Q4 acknowledges a challenging operating environment. Additionally, eBay's preliminary commentary for FY25 is viewed as generally supporting the current estimates.
The Q4 Gross Merchandise Volume guidance for eBay was consistent with estimates, but there was greater take rate pressure than anticipated due to the impact of U.K. C2C fee changes. The search for indications of sustainable growth continues to be a focus before adopting a more positive stance.
Note:
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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.
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