Movement Alert｜eBay Falls 3.01% in Regular Trading, Shares Pull Back Despite Latest Price-Target Increase

Market Focus11-06

On November 6, eBay fell 3.01% in Regular Trading, trading at $121.53 per share, with turnover of $167 million.

The most recent company-specific catalyst in public reports was Argus Research raising its price target on eBay to $138 from $133, while consensus data still showed an average analyst rating of hold and a mean price target near $124.12.

Earlier supporting developments had turned more constructive after eBay reported third-quarter revenue of $3.21 billion and adjusted EPS of $1.51, both above expectations, alongside fourth-quarter and full-year guidance that also topped consensus. Several firms, including Citi, Needham and Susquehanna, had also lifted their targets after the results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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