Deutsche Financial institution began off protection on eBay (NASDAQ:EBAY) with a Purchase ranking on its view that the web retailer’s positioning within the resale market and different new markets is being underappreciated by buyers.
The agency pointed to progress in eBay’s luxurious resale enterprise throughout the core European markets, in addition to eBay’s (EBAY) growth into the auto components and equipment markets. It was famous that potential could not have been included in eBay’s current steerage replace.
“We imagine the numbers display screen as extremely conservative and now replicate a worst-case consequence… We imagine it’s extra possible that 2H22 progress is available in forward of expectations.”
Shares of EBAY rose 0.42% premarket to $52.31. Deutsche Financial institution assigned a worth goal of $64 to EBAY vs. the 52-week buying and selling vary of $49.53 to $81.19.
