eBay Inc Stock Forecast:
The average analyst target price for eBay Inc over the next 12 months is USD 53.20, according to a forecast by 26 analysts. The average analyst rating is not available. Stock Target Advisor‘s analysis of eBay Inc is Neutral, based on 7 positive signals and 6 negative signals. eBay Inc’s stock price was USD 43.36 at the last closing, which is a -0.80% change over the past week, +1.64% change over the past month, and -18.34% change over the last year.
Analysts Coverage Change:
Today a number of major investment firms have raised their price targets for eBay Inc. (EBAY:NSD). Sanford C. Bernstein & Co., Barclays, Mizuho Securities, UBS, and Benchmark Research have all increased their price targets for the company, reflecting their optimistic outlook for eBay’s future growth prospects.
Sanford C. Bernstein & Co. (RANK #57) has raised the price target for eBay Inc. to $50 from $40. This represents a significant increase of 25% from the previous target. The firm’s analysts have cited eBay’s strong first-quarter performance as the key driver behind this upgrade. They also believe that the company’s ongoing strategic initiatives, such as the expansion of its managed payments platform and the implementation of new seller tools, will continue to drive growth in the long run.
Barclays (RANK #6) has maintained an “Overweight” rating on eBay Inc. and raised the price target to $59 from $56. The firm’s analysts have noted eBay’s robust user engagement metrics and impressive gross merchandise volume (GMV) growth in recent quarters. They expect eBay to benefit from ongoing secular trends, such as the continued shift towards online shopping, as well as the company’s own efforts to improve its platform and expand its offerings.
Mizuho Securities (RANK #26) has maintained a “Neutral” rating on eBay Inc. and raised the price target to $48 from $45. The firm’s analysts have highlighted eBay’s solid execution and strong cash flow generation as key positives for the company. However, they remain cautious about the competitive landscape in the e-commerce industry and believe that eBay may face headwinds from larger players like Amazon in the long term.
UBS (RANK #8) has raised the price target for eBay Inc. to $49 from $47. The firm’s analysts have pointed to eBay’s improving conversion rates and accelerating GMV growth as drivers of their positive outlook. They also believe that eBay’s recent initiatives, such as the integration of machine learning and artificial intelligence into its platform, will help the company to better serve its customers and drive long-term growth.
Benchmark Research (RANK #54) has maintained a “Buy” rating for eBay Inc. and raised the price target to $60 from $58. The firm’s analysts have emphasized eBay’s attractive valuation and strong free cash flow generation as key reasons for their positive outlook. They believe that eBay’s ongoing investments in its platform, as well as its growing international footprint, will position the company for sustainable growth in the years ahead.
The overall consensus among these major investment firms is that eBay Inc. is well positioned for growth in the e-commerce industry. While there may be some headwinds and uncertainties in the short term, these firms remain optimistic about eBay’s long-term prospects and see significant upside potential in the company’s stock. Investors will no doubt be keeping a close eye on eBay’s performance in the coming quarters, as the company continues to execute on its growth strategy and expand its market share.