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The Vetr crowd upgraded their rating for eBay Inc (NASDAQ: EBAY) on Thursday from 3.5 stars (Buy), issued eight days ago, to 4.5 stars (Strong Buy). Crowd sentiment for eBay is widely positive, with 77 percent of Vetr user rating bullish.
The online marketplace company has seen steady gains over the span of December. Since December 1, eBay's price rose about 10 percent to crest just over $30 by December 12. Three days later, the price dropped slightly below that and was hovering recently at around $29.80.
The real test of the stock will come with how much traffic the site generates during the holidays. With underwhelming outlook on both retail and online sales, the consumer draw of eBay's egalitarian marketplace could break either way.
See how crowdsourced rating could help you time the market.
Currently, the Vetr crowd's average target price for the stock is up at $33.93, which is about a dollar shy of the average analyst target price of $34.99. Less than 2 percent of Vetr users are holding EBAY in their watch lists.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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