SoFi CEO enters prepaid forward contract on 1.5 million shares
Investing.com - Stifel raised its price target on eBay (NASDAQ:EBAY) to $75.00 from $68.00 on Thursday, while maintaining a Hold rating on the e-commerce company’s stock. The company, currently valued at $41.84 billion, has delivered impressive YTD returns of 26.27% and maintains strong gross margins of 71.85%.
The price target increase follows eBay’s second-quarter performance, which exceeded expectations due to 10% year-over-year growth in focus category gross merchandise volume (GMV) and resilient U.S. consumer spending. According to InvestingPro, 7 analysts have recently revised their earnings upward for the upcoming period, suggesting growing confidence in the company’s trajectory.
European macroeconomic challenges persist for the company, though Stifel noted these may be manageable in the near-to-medium term, citing positive trends in UK consumer-to-consumer business and affordability initiatives including re-commerce.
Concerns about tariffs on China-to-U.S. trade had less impact than anticipated, as disrupted inventory was offset by higher average selling prices and inventory redeployment to other countries, along with increased adoption of eBay’s SpeedPAK shipping service.
eBay management indicated the business is trending toward the upper end of its fiscal year 2025 GMV guidance of low-single-digit growth, though Stifel cautioned that tougher comparisons, potential cooling in trading card demand, and macro/tariff shifts remain risks for the second half of the year.
In other recent news, eBay reported a robust second quarter for 2025, with earnings per share of $1.37, surpassing the forecast of $1.29. The company’s revenue also exceeded expectations, reaching $2.73 billion compared to the anticipated $2.64 billion. Cantor Fitzgerald raised its price target on eBay to $85 from $69, maintaining a Neutral rating, citing strong gross merchandise volume (GMV) growth. Needham also increased its price target to $95 from $78, maintaining a Buy rating due to eBay’s better-than-expected performance. Meanwhile, Goldman Sachs raised its price target to $72 from $53, despite maintaining a Sell rating, highlighting eBay’s strong earnings report and notable US GMV trends. eBay’s GMV growth reached 4% year-over-year, excluding foreign exchange effects, outperforming previous guidance. These developments reflect eBay’s ability to exceed market expectations in its recent quarterly performance.
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