eBay Gets Price Target Hikes By Analysts After Upbeat Q1 Results

eBay Inc. EBAY reported better-than-expected Q1 results.

eBay reported first-quarter earnings of $1.11 per share, which came ahead of the $1.07 consensus estimate, on revenues of $2.51 billion, which came ahead of the $2.47 billion consensus estimate.

eBay shares rose 3.4% to $44.83 in pre-market trading.

These analysts made changes to their price targets on eBay following earnings announcement.

• Barclays raised the price target on eBay from $56 to $59. Barclays analyst Ross Sandler maintained an Overweight rating.
• Bernstein boosted the price target on eBay from $45 to $50. Bernstein analyst Nikhil Devnani maintained a Market Perform rating
• Mizuho increased the eBay price target from $45 to $48. Mizuho analyst James Lee maintained a Neutral rating on the stock.

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