eBay (EBAY) PT Lowered to $54 at JPMorgan
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Go back to eBay (EBAY) PT Lowered to $54 at JPMorgan
May 6, 2022 10:05 AM EDT
Susquehanna analyst Shyam Patil lowered the price target on eBay (NASDAQ: EBAY) to $48.00 (from $60.00) while maintaining a Neutral rating following earnings.
The analyst commented, "GMV and active buyers remain under pressure due to an easing of the pandemic tailwind and EBAYs strategic... More
May 5, 2022 6:35 AM EDT
Shares of eBay (NASDAQ: EBAY) are down nearly 7% in premarket Thursday after the company reported Q1 results and offered guidance for this quarter.
The e-commerce company reported adjusted EPS from continuing operations of $1.05, just above the consensus estimates of $1.04. Net revenue came in at $2.5 billion, down 5.2% YoY and above the analyst consensus of $2.46 billion.
Gross merchandise volume stood at $19.4 billion in the period, down 20% YoY and compared to the consensus projection of $19.35 billion. The number of active buyers totaled 142 million in the quarter, while analysts... More
