eBay Faces Price Target Cuts By Analysts Following Q3 Results, But This Analyst Boosts PT

eBay Faces Price Target Cuts By Analysts Following Q3 Results, But This Analyst Boosts PT

eBay Inc. EBAY reported better-than-expected Q3 results ..

eBay posted quarterly earnings of $1.00 per share, beating analysts’ estimates of $0.93 per share. The company’s quarterly sales came in at $2.38 billion, versus expectations of $2.33 billion.

eBay said it sees Q4 revenue of $2.42 billion to $2.5 billion, versus estimates of $2.49 billion. The company projects adjusted EPS of $1.03 to $1.09, versus expectations of 1.06 per share.

eBay shares gained 4.8% to $39.90 in pre-market trading.

These analysts made changes to their price targets on eBay after the company released quarterly results.

  • Piper Sandler cut price target on eBay from $59 to $52. Piper Sandler analyst Thomas Champion maintained an Overweight rating on the stock.
  • Barclays lowered eBay price target from $59 to $56. Barclays analyst Ross Sandler maintained an Overweight rating on the stock.
  • Baird cut eBay price target from $60 to $55. Baird analyst Colin Sebastian maintained the stock with an Outperform.
  • Credit Suisse lowered the price target on the stock from $56 to $55. Credit Suisse analyst Stephen Ju maintained the stock with an Outperform.
  • Benchmark cut eBay’s price target from $66 to $62. Benchmark analyst Daniel Kurnos maintained the stock with a Buy.
  • Morgan Stanley, however, raised eBay price target from $33 to $34. Morgan Stanley analyst Brian Nowak maintained an Overweight rating on the stock.

 

Posted In: PT ChangesEarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading Ideas