BMO Capital Upgrades eBay (EBAY) to Outperform

BMO Capital analyst Brian J. Pitz upgraded eBay (NASDAQ: EBAY) from Market Perform to Outperform with a price target of $102.00 (from $70.00).

The analyst comments: "Upgrading shares of EBAY to Outperform from Market Perform as Focus Categories accelerate growth and drive upside to FY25E. Focus categories grew 10% YoY, an acceleration from 6% in 1Q, driven by accelerating trends across all Focus Categories and underlining the structural improvement in performance. Inside, we outline 10 key reasons to own the stock while underscoring ongoing tariffs/macro pressures as possible risks to our upgrade thesis. Raising 2025E/2026E GMV estimates to $77.5B/$79B from $76B/$77B and increasing our target price to $102."

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 $77.56 yesterday.

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