Wedbush analyst Scott Devitt lowered the firm’s price target on eBay (EBAY) to $69 from $70 and keeps a Neutral rating on the shares. The firm notes eBay reported healthy Q4 results, while Q1 guidance was modestly below expectations. Wedbush believes the risk/reward is balanced given uncertainty related to the near-term growth trajectory as the company navigates a challenging macro backdrop.
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