• 22
  • 6
  • Favorite

eBay fell nearly 8% in premarket trading

Tiger Newspress2021-04-29

eBay fell nearly 8% in premarket trading, and the company's second-quarter net profit forecast was lower than market expectations.

EBay is lower in early trading despite aQ1earnings beat and guidance raise. Wall Street analysts are pokingsome holes in the bull case this morning after the company's guidance disappointed.

Morgan Stanley: "EBAY's 1Q results/2Q guide were largely in-line but with reopening uncertainties lingering, EBAY remains a show-me story. We see multiple initiatives they are investing in to drive structural growth, with execution key. Remain EW, $63PT. Our $79 bull case contemplates sum of parts/asset sales."

Susquehanna cuts eBay to a Neutral rating from Positive.

Wedbush Securities also cools on the online retailer, lowering eBay to a Neutral rating from Outperform.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment6

  • CSM
    ·2021-04-29
    Facing competition everywhere.
    Reply
    Report
  • yxian
    ·2021-04-29
    Wow
    Reply
    Report
  • Wallstrtbets
    ·2021-04-29
    Noted.
    Reply
    Report
  • The_scalper
    ·2021-04-29
    I’d be selling 1 mth 57 Puts for opportunistic   trade
    Reply
    Report
  • Huixianmogu
    ·2021-04-29
    Wow
    Reply
    Report
  • Jassss
    ·2021-04-29
    Yeah
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial