eBay gains after Morgan Stanley names it a top pick on live-commerce growth
+2.19% to $114.65 from $112.19
What moved EBAY
- Morgan Stanley analyst Nathan Feather named eBay a top pick, raised his price target and kept an Overweight rating, citing the live-selling business as responsible for more than 40% of the company’s growth.
- Feather described the roughly $27 billion live-selling market as “the missing piece” for eBay’s growth story.
- Not every analyst agreed: Wells Fargo’s Ken Gawrelski kept an Underweight rating and lowered his price target, citing investment spending and competition from Vinted as risks to earnings.
- Shares have climbed roughly a third so far this year and were trading just below the all-time high set in May.
Sources: Seeking Alpha · TradingView · StockStory