eBay Given New $70.00 Price Target at Compass Point (EBAY)
Compass Point boosted their price target on shares of eBay (NASDAQ:EBAY) from $60.00 to $70.00 in a research note issued on Tuesday, Analyst RN reports. The firm currently has a “focus list” rating on the stock. Compass Point’s price target indicates a potential upside of 35.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley downgraded shares of eBay from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. They now have a $57.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call. Separately, analysts at Wedbush raised their price target on shares of eBay from $64.00 to $70.00 in a research note to investors on Tuesday, December 17th. They now have a “top pick” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note to investors on Tuesday, December 10th. They now have a $54.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $61.69.
eBay (NASDAQ:EBAY) traded up 1.83% on Tuesday, hitting $52.73. The stock had a trading volume of 7,198,408 shares. eBay has a 52 week low of $48.06 and a 52 week high of $58.04. The stock’s 50-day moving average is $52.17 and its 200-day moving average is $52.88. The company has a market cap of $68.264 billion and a P/E ratio of 24.66. eBay also was the target of unusually large options trading activity on Monday. Investors purchased 139,948 call options on the stock. This represents an increase of approximately 429% compared to the typical daily volume of 26,452 call options.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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