eBay stock price target raised to $72 from $64 at TD Cowen

Investing.com - TD Cowen has raised its price target on eBay (NASDAQ:EBAY) to $72.00 from $64.00 while maintaining a Hold rating on the stock. The e-commerce giant, currently trading at $80.41 and up 49.16% over the past year, has reached new 52-week highs. According to InvestingPro analysis, the stock appears fairly valued at current levels.

The firm expects sequential top-line acceleration for eBay in the second quarter of 2025, helped by foreign exchange tailwinds, partially offset by Easter timing and ongoing macroeconomic challenges.

TD Cowen forecasts eBay’s second-quarter 2025 reported Gross Merchandise Volume (GMV) growth of 2.4% year-over-year, which is above the midpoint of management’s guidance but 0.2% below consensus estimates.

The firm projects revenue to increase 2.9% year-over-year in Q2 2025, showing improvement compared to Q1 2025, with adjusted operating income up 1.4% year-over-year and earnings per share growing 11.3% year-over-year, primarily driven by a lower share count.

TD Cowen has moderately raised its long-term estimates for eBay, with GMV forecast higher by 2.0% annually on average from 2025 to 2030, revenue forecast 1.8% higher over the same period, EBITDA forecast 3.8% higher annually, and adjusted EPS forecast 4.6% higher.

In other recent news, eBay has seen several updates from analyst firms regarding its stock price targets and company performance. CFRA has raised eBay’s stock price target to $87, citing improving gross merchandise volume (GMV) trends and potential for margin expansion. They have also revised their earnings per share (EPS) estimates for 2025 and 2026 upwards. Susquehanna increased its price target for eBay to $70 following a first-quarter earnings report that surpassed expectations, while also noting robust trends in the second quarter. However, they cautioned that macroeconomic factors and tariff-related issues could impact future results.

JPMorgan raised eBay’s price target to $66, highlighting the company’s strategic shift towards innovation in e-commerce as a positive influence on revenue growth. MoffettNathanson also increased its price target to $74, emphasizing the trading cards business as a key driver of GMV growth. Citizens JMP reiterated a Market Perform rating on eBay, expressing positive views on the company’s management and strategic focus. These developments reflect the dynamic environment in which eBay operates and the varied analyst perspectives on its future performance.

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