eBay (EBAY) Earnings Preview - Stifel

Stifel analyst Scott W. Devitt reiterated a Buy rating and $80.00 price target on eBay (NASDAQ: EBAY) ahead of 1Q:21 earnings on April 28th AMC. Stifel is modeling 1Q GMV growth of 22%, in line with guidance and revenue and EPS estimates for the quarter are in line with consensus.

The analyst stated "We expect that additional stimulus in the U.S. and the persistent effects of the pandemic, particularly in Europe, likely supported strong volume in 1Q:21. Like other eCommerce beneficiaries, eBay will begin to lap challenging comps in 2Q, and we expect investors will be focused on eBay’s growth in a post-COVID environment as the vaccine rollout continues to progress in the US. eBay continues to introduce regular platform updates and new features as the company focuses on improving the core experience in verticals where eBay is well positioned, which we believe will support GMV growth after pandemic-related tailwinds subside."

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 $60.74 yesterday.

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