With eBay's Q3 report coming up, Cantor Fitzgerald is expecting earnings to come in line with expectations but is also expecting some new initiatives from the company, which could provide some improved guidance moving forward.
Cantor analysts highlighting new structured data, machine learning, user experience and merchandising to help provide a boost for eBay moving forward, despite the company underperforming relative e-commerce growth currently.
Growth in visitations have also picked up on the site, up 9 percent year-over-year in july and august. Same-store sales on eBay have also expect nearly a 5 percent increase in Q3.
Cantor Fitzgerald maintains a Hold rating on eBay with a $27 price target.
At last check, eBay was down 1.43 percent at $31.43.
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