eBay (EBAY) Proprietary Survey Implies Upside to Last Quarter's Weak Guidance - Cowen

Cowen analyst John Blackledge reiterated a Market Perform rating and $65.00 price target on eBay (NASDAQ: EBAY) after proprietary recurring US survey data showed eBay trending very positively in 2Q through May.

The analyst stated "The results indicate robust purchaser growth of +19% y/y and +9.6% q/q, and those purchasers are buying across more categories and buying more frequently on a y/y and q/q basis. If the trend continues through our June data, there is likely upside to eBay's lackluster 2Q guide and our / consensus est's."

For an analyst ratings summary and ratings history on eBay click here. For more ratings news on eBay click here.

Shares of eBay closed at $65.33 yesterday.

You May Also Be Interested In

• TD Cowen Reiterates Buy Rating on Tesla (TSLA), well-positioned to scale in US AV market
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)
• GameStop may pull $56 billion eBay bid, eyes partnership - report