BUZZ-Ebay hits two-month high after analysts hike price targets

Reuters
10/21
BUZZ-Ebay hits two-month high after analysts hike price targets

** eBay's EBAY.O shares up 3% to $94.92

** EBAY hit its highest since August and on track for third straight session of gains

** Multiple analysts, including Morgan Stanley, Deutsche Bank and TD Cowen, raised their PT on the online marketplace

** EBAY likely to see growth in gross merchandise value amid strong consumer spending and foreign exchange tailwind, TD Cowen analysts led by John Blackledge said in an investor note

** "We est. 3Q25 reported GMV growth of 6.3% y/y, above midpoint of management guide & (0.1%) vs consensus, reflecting cont'd US consumer strength and FX tailwind, partially offset by tariff impact and end of de minimis exemption," Blackledge said

** Among 34 analysts that cover EBAY, average rating is "HOLD" and median PT is $93.50

** EBAY is up 53.2% YTD vs NASDAQ Composite Index's .IXIC 19.2% increase

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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