Financials, Automotive, Technology Oct 26, 2021 09:01 AM (GMT+8) · EqualOcean
Before eBay released its third quarterly report on Thursday morning Beijing time, truist analyst Youssef squali raised the target price of the stock from $66 to $75 and maintained the "hold" rating. The analyst expects that the third quarter report should be flat with the quarter, reflecting the substantial slowdown in annual performance growth and the reduced demand for e-commerce due to the reopening of the economy. The analyst added that eBay's rating was determined by the valuation of the company's stock.