eBay (EBAY) PT Raised to $75 at Susquehanna

Susquehanna analyst Shyam Patil raised the price target on eBay (NASDAQ: EBAY) to $75.00 (from $66.00) while maintaining a Positive rating.

The analyst commented, "The thesis now rests on the optimization of the core business, scaling advertising, ramping payments, and continued aggressive capital returns, all of which were a clear focus for EBAY in 4Q and going forward. The 1Q guide was a surprise to the upside in all areas, driven by both the favorable eCommerce environment and EBAY’s execution. We remain optimistic on the sustainability of the turnaround in the core."

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