Stifel analyst Mark Kelley lowered the firm’s price target on eBay (EBAY) to $63 from $64 and keeps a Hold rating on the shares. eBay reported better-than-expected Q4 results, but the Q1 guidance fell short of expectations, the analyst tells investors. The company continues to see growth opportunities within advertising and its GenAI investments, as well as early-stage initiatives, which provide some runway but will take time to materialize, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBAY:
- eBay’s Growth Potential and Stability Justify Buy Rating Despite Macroeconomic Pressures
- eBay price target raised to $75 from $65 at Benchmark
- eBay’s Resilient Growth and Positive Outlook: A Buy Recommendation by Bernie McTernan
- eBay’s Growth Potential: Buy Rating Backed by Innovation and Strategic Partnerships
- eBay price target lowered to $71 from $72 at BofA
Questions or Comments about the article? Write to editor@tipranks.com