Stock Track | eBay Plummets 5.05% Intraday After Jefferies Cuts Price Target to $60, Maintains Underperform Rating

Stock Track

02/24

eBay's stock fell sharply by 5.05% during intraday trading on Monday, reflecting significant selling pressure.

The decline followed a bearish analyst note from Jefferies, which adjusted its price target on eBay down to $60 from $65 and maintained an Underperform rating on the stock. This negative assessment likely contributed to investor concerns and triggered the sell-off.

Contrasting this view, Deutsche Bank issued a more optimistic outlook, raising its price target on eBay to $118 from $100. However, the market reaction appeared to be dominated by the downgrade from Jefferies, leading to the notable intraday drop.

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