eBay's performance has been mixed recently. Stocks fell due to
lacklustre Q4 guidance and distractions from the election season, along with concerns about the upcoming
holiday shopping season. Barriers included
Wall Street trimming price targets, 51% income drop, and projections of weak holiday sales. On the brighter side,
eBay's sports collectibles arm received a boost from Ohtani HR Ball, and the firm also recorded a 54% EPS beat. However, overall, shares moved lower and price targets adjusted due to below-consensus Q4 guides. Multiple entities, including
abrdn plc and
AustralianSuper Pty Ltd, reduced their eBay stock holdings. Optimistically, the company revealed a
focus on C2C (customer to customer) and
AI (Artificial Intelligence) in their Q3 earnings call. There's reportedly division among
hedge fund managers at Goldman Sachs about eBay. The company landed on Cantor Fitzgerald’s top internet stock picks due to entry into oversold territory and potential in
machine learning. Although on the downside, insiders have been noted selling shares hinting at hesitancy. On the positive side, eBay shares hit a 52-week high point amid strong growth and Needham & Company initiated coverage of internet giants including eBay.
Ebay Stocks News Analytics from Thu, 04 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 18:35:49 GMT -
Rating -2
- Innovation 4
- Information 8
- Rumor -6
