Morgan Stanley Upgrades eBay to Overweight, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk upgraded eBay (NASDAQ:EBAY) from Underweight to Overweight and increased the price target from $35 to $62.
April 18, 2024 | 12:27 pm
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eBay's upgrade from Underweight to Overweight by Morgan Stanley, with a price target increase to $62, signals a positive outlook on the company's future performance.
The upgrade by Morgan Stanley reflects a significant positive reassessment of eBay's market position and future earnings potential. Such a substantial increase in the price target and upgrade in rating typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100