Bernstein thinks investors shouldn't give up on eBay despite a recent sell-off. Analyst Nikhil Devnani upgraded the online marketplace to outperform from market perform. He also maintained his price target at $70, which reflects more than 16% upside from Monday's close. The analyst cited improving growth trends as a catalyst for the upgrade. He sees gross merchandise volume growth of around 2% heading into next year. For 2026, Devnani thinks that can expand to 3%.
mountain EBAY, year-to-date Last week, the stock fell 8% on the heels of a weaker-than-expected forecast for the current quarter . That's despite the company's third-quarter results topping the Street's estimates. "The stock reacted poorly to Q3 because of go-forward take rate and margin dynamics," Devnani said. "We cut our margin outlook, but EBIT dollars should continue to grow LSD to MSD in 2025/26.
data shows analyst sentiment on the stock is tepid, however. Of the 34 analysts covering eBay, 22 have a hold rating on it; 10 others rate it a buy or strong buy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »
Sumber: CoinDesk - 🏆 291. / 63 Baca lebih lajut »