eBay Faces Price Target Cuts By Analysts Following Q3 Results, But This Analyst Boosts PT

eBay Inc. EBAY reported better-than-expected Q3 results ..

eBay posted quarterly earnings of $1.00 per share, beating analysts’ estimates of $0.93 per share. The company’s quarterly sales came in at $2.38 billion, versus expectations of $2.33 billion.

eBay said it sees Q4 revenue of $2.42 billion to $2.5 billion, versus estimates of $2.49 billion. The company projects adjusted EPS of $1.03 to $1.09, versus expectations of 1.06 per share.

eBay shares gained 4.8% to $39.90 in pre-market trading.

These analysts made changes to their price targets on eBay after the company released quarterly results.

• Piper Sandler cut price target on eBay from $59 to $52. Piper Sandler analyst Thomas Champion maintained an Overweight rating on the stock.
• Barclays lowered eBay price target from $59 to $56. Barclays analyst Ross Sandler maintained an Overweight rating on the stock.
• Baird cut eBay price target from $60 to $55. Baird analyst Colin Sebastian maintained the stock with an Outperform.
• Credit Suisse lowered the price target on the stock from $56 to $55. Credit Suisse analyst Stephen Ju maintained the stock with an Outperform.
• Benchmark cut eBay’s price target from $66 to $62. Benchmark analyst Daniel Kurnos maintained the stock with a Buy.
• Morgan Stanley, however, raised eBay price target from $33 to $34. Morgan Stanley analyst Brian Nowak maintained an Overweight rating on the stock.