1229 ET - Reports of EBay's demise may have been greatly exaggerated, that's the view of Benchmark analyst Daniel Kurnos in a note. He says that despite years of bearish cases that the company's platform was outdated and not primed for growth, EBay just "blew both 4Q25 results and FY26 guidance out of the water." Kurnos says all this is coming through integrating AI across its ecosystem in a very user-friendly way. He says AI was never a big threat to the company anyway, given its focus on consumer-to-consumer and re-commerce sales, as well as its global scale and built-in shipping and payment moat. "Maybe it is time for investors to really reengage on a name that continues to be largely left for dead despite time and again surprising to the upside," he says. EBay climbs 5%. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

February 19, 2026 12:29 ET (17:29 GMT)

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