On Oct 31, major Wall Street analysts update their ratings for $eBay (EBAY.US)$, with price targets ranging from $64 to $72.
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.
Baird analyst Colin Sebastian maintains with a buy rating, and adjusts the target price from $70 to $68.
Needham analyst Bernie McTernan maintains with a buy rating, and maintains the target price at $72.
Furthermore, according to the comprehensive report, the opinions of $eBay (EBAY.US)$'s main analysts recently are as follows:
After examining eBay's Q3 results, which were largely consistent with expectations, it's anticipated that the Q4 Gross Merchandise Volume will align with current market projections.
eBay's third-quarter results surpassed expectations, although the guidance for the fourth quarter presented a mixed outlook, largely due to a strategic investment in the UK. The focus on consumer-to-consumer commerce is expected to temporarily affect revenue and take rate, yet it is anticipated to stabilize by early 2025, and could ultimately contribute positively to gross merchandise volume and revenue.
Subsequent to the quarterly report and subsequent guidance, projections for Q4 and 2025 Gross Merchandise Volume (GMV) have been modestly increased. However, there has been a slight reduction in the revenue and non-GAAP EPS estimates, now set at $10.6 billion and $5.21, down from previous estimates of $10.7 billion and $5.28, respectively. This adjustment is due to potential headwinds in monetization, as noted by the analyst.
The company's reported revenue and earnings aligned closely with expectations, yet the guidance for Q4 fell short of the consensus. Despite this, the perception of the company's value proposition remains consistent, with its shares appearing attractively priced. Furthermore, share buybacks are anticipated to offer investors a degree of protection against this transitory setback.
It is anticipated that the shares will experience a decrease in value as a result of the fourth-quarter revenue guidance. This expectation is based on the transition to a 'no-fee' model for consumer-to-consumer transactions in the UK, as well as concerns related to the U.S. election and a reduced timeframe for shopping.
Here are the latest investment ratings and price targets for $eBay (EBAY.US)$ from 7 analysts:
Note:
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