/EBay%20Inc_%20phone%20and%20website%20by-T_Schneider%20via%20Shutterstock.jpg)
California-based eBay Inc. (EBAY) operates marketplace platforms that connect buyers and sellers, enabling them to list, sell, and buy various products. With a market cap of $28.1 billion, eBay’s operations span the Americas, Europe, Asia, and internationally.
Shares of the online marketplace company have significantly outperformed the broader market over the past year. Over the past 52 weeks, EBAY stock is up 25.7%, compared to the S&P 500 Index’s ($SPX) 15.1% returns. In 2024, EBAY has gained 26.3%, outpacing SPX’s 9% gain on a YTD basis.
Zooming in further, EBAY has also outperformed the Online Retail ETF’s (ONLN) 7.9% returns over the past 52 weeks and 7.2% gains on a YTD basis.
EBAY stock gained 1.1% on Jul. 31 after the release of its Q2 earnings. The company showed impressive resilience and cost management during the quarter, which led to an 8% annual non-GAAP net income growth to $602 million and a 2% revenue surge to $2.6 billion. Additionally, eBay provided robust growth guidance for the current quarter, bolstering investor confidence in the stock.
For the current fiscal year, ending in December, analysts expect eBay to report an EPS growth of 21.7% year over year to $3.82. The company’s earnings surprise history is mixed. It beat or matched the consensus estimate in two of the past four quarters while missing the forecasts on two other occasions.
Among the 27 analysts covering the EBAY stock, the consensus rating is a “Moderate Buy.” That’s based on eight “Strong Buy” ratings, 18 “Holds,” and one “Strong Sell.”
This configuration is slightly less bullish than two months before, with nine analysts recommending a “Strong Buy.”
On Aug. 5, Truist Financial analyst Youssef Squali maintained a “Hold” rating with a price target of $58.
EBAY’s mean price target of $57.23 represents a premium of 3.7% from current price levels. The Street-high target of $65 indicates a potential upside of 17.9%.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
