EBAY - 7 eBay Analysts Provide Key Takeaways On Positive Q4 Earnings Outlook | Benzinga
Shares of eBay Inc (NASDAQ: EBAY) climbed in premarket trading on Wednesday, after the company reported higher-than-expected sales and earnings for the fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- Piper Sandler analyst Thomas Champion maintained an Overweight rating, while raising the price target from $50 to $52.
- Goldman Sachs analyst Alexandra Steiger reiterated a Sell rating, while lifting the price target from $38 to $40.
- Mizuho Securities analyst James Lee reaffirmed a Neutral rating, while raising the price target from $40 to $44.
- BMO Capital Markets analyst Brian Pitz maintained a Market Perform rating, while raising the price target from $49 to $53.
- Benchmark analyst Daniel Kurnos reiterated a Buy rating, while lifting the price target from $56 to $58.
- Needham analyst Anna Andreeva reaffirmed a Hold rating on the stock.
- JMP Securities analyst Nicholas Jones maintained a Market Perform rating on the stock.
Check out other analyst stock ratings.
Piper Sandler: Gross merchandise value (GMV) came in around $18.6 billion for the fourth quarter. That's up 2% year-over-year, "while GMV ex-FX was closer to flat,” Champion said in a note. "Both domestic (flat) & international (+3.5% y/y) exceeded expectations,” he added.
"Restructuring announcements from January will lower headcount by ~9% and allow room to reinvest or return capital to shareholders,” the analyst further wrote.
Goldman Sachs: There was "stronger GMV performance supported by improving trends intra-quarter towards the ...