eBay: With GMV Regaining Its Foothold, It's Time To Buy Back In (Rating Upgrade)
Portfolio Pulse from
eBay has shown strong Q3 results with a re-acceleration in GMV and revenue, leading to a buy rating. Despite positive earnings, eBay's shares slid, presenting a buying opportunity.
November 06, 2024 | 11:00 pm
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eBay's Q3 earnings showed strong GMV and revenue growth, leading to a buy rating. Despite this, shares slid post-earnings, presenting a buying opportunity.
eBay's Q3 results showed a re-acceleration in GMV and revenue, which is a positive indicator for future performance. The market's initial negative reaction to the earnings report, despite the positive results, suggests a potential undervaluation, making it a good buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100