Wells Fargo keeps an Equal Weight rating and $62 price target on eBay (EBAY) while noting that the firm estimates accretion of about $1.6B or 2% in total GMV – gross merchandise value – for the company from its integration with Facebook (META) Marketplace in test markets of U.S., France, and Germany. The symbiotic potential relationship between the two marketplaces is increasing the firm’s 2025 GMV growth outlook, the analyst tells investors in a research note. Wells also also expect limited financial impact to Meta in the near term.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EBAY:
- StockTok: eBay buyers can now browse directly on Facebook Marketplace
- eBay announces partnership with Facebook Marketplace
- eBay audience should ‘significantly expand’ with Meta pact, says Citi
- EBAY Stock Soars after Facebook Marketplace Integration
- Meta listings move ‘clear positive’ for eBay, says Baird