Analyst John Blackledge of TD Cowen maintained a Hold rating on eBay (EBAY – Research Report), with a price target of $60.00.
John Blackledge’s rating is based on several key factors that influence eBay’s current and future market position. While eBay has seen an increase in gross merchandise volume (GMV) by 3.4% year-over-year, and revenue growth is anticipated at 1.1% year-over-year, these figures reflect only modest growth. The company’s revenue increase is slightly decelerated compared to the previous quarter, and while cost efficiencies have contributed to a 1.8% rise in adjusted operating income, the overall growth trajectory remains moderate.
Moreover, eBay’s stock has risen by approximately 11% since the previous earnings report, surpassing the S&P’s 3% growth during the same period. Despite the positive performance, ongoing macroeconomic uncertainties, particularly in Europe, and strategic initiatives such as focus categories, international shipping, and AI tools present both opportunities and risks. These factors led to a conservative hold rating as eBay continues to navigate these complex market conditions.
Blackledge covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class C, and Pinterest. According to TipRanks, Blackledge has an average return of 12.4% and a 57.96% success rate on recommended stocks.