eBay price target raised to $72 from $59 at UBS

UBS raised the firm’s price target on eBay (EBAY) to $72 from $59 and keeps a Neutral rating on the shares ahead of the Q3 results on October 30. Shares have rallied 45% year-to-date following a return-to-Gross Merchandise Value growth rerating that saw its near-term P/E multiple increase by roughly 32%, the analyst tells investors in a research note. Looking ahead, the firm thinks further and material increases to the multiple are unlikely as the five-year EPS growth compound annual growth rate for 2025-2030 amounts to about 14%.