eBay downgraded by Jefferies on decelerating revenue, sluggish profit growth
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eBay Inc. shares fell over 3% after Jefferies downgraded the stock to 'Underperform' due to decelerating revenue and sluggish profit growth. The price target was reduced from $60 to $52.
December 10, 2024 | 5:45 pm
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Jefferies downgraded eBay to 'Underperform' due to slowing revenue and profit growth, reducing the price target from $60 to $52. This led to a 3% drop in eBay's stock price.
The downgrade by Jefferies is significant as it reflects concerns over eBay's financial performance, specifically its revenue and profit growth. The reduced price target suggests a bearish outlook, which has already impacted the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100