These Analysts Lower Their Forecasts On eBay After Q3 Results
Portfolio Pulse from Lisa Levin
eBay Inc. reported Q3 earnings of $1.03 per share, beating the consensus estimate of 94 cents per share. However, following the earnings announcement, Wells Fargo, Benchmark, and Truist Securities lowered their price targets on eBay. eBay shares fell 3.8% to trade at $39.24 on Wednesday.
November 08, 2023 | 6:12 pm
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Despite beating Q3 earnings estimates, eBay saw its price targets lowered by several analysts, leading to a 3.8% fall in its share price.
eBay's Q3 earnings beat estimates, which is typically positive for the stock. However, the lowering of price targets by Wells Fargo, Benchmark, and Truist Securities indicates a less optimistic outlook for the company's future performance. This likely contributed to the 3.8% fall in eBay's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100