Loading...
Loading...
Victor Anthony of Topeka Capital Markets on Thursday reiterated a Hold rating on shares of
eBayEBAY with a $57 price target as shares are likely to remain range-bound until the company finalizes a split of its PayPal segment.
“Gross Merchandise Volume growth continues to be impacted by the cyber attack and the
GoogleGOOGGOOGL policy changes and management noted that trends will get worse before they get better,” Anthony wrote.
The analyst adds that PayPal's growth remains strong but take rates and margins remain under pressure as the company continues to heavily invest to remain competitive. Anthony also notes that eBay's Marketplace business remains “weak” and investments at Payments are pressuring margins.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in