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.
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:
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