Analyst Brian Pitz sees 32% upside for eBay shares, citing AI tools and Focus Categories driving growth despite Q3 EPS guidance miss.
eBay shares fell 4% last month after the company guided Q3 adjusted EPS to $1.36-$1.42, below Q2’s $1.60. Wells Fargo cut its target to $92, citing Depop’s drag on performance.
BMO Capital Markets analyst Brian Pitz set a Street-high $145 target on EBAY, highlighting Focus Categories, which drive over 40% of gross merchandise volume (GMV), and AI-powered seller tools boosting margins. eBay reported $22.4 billion in GMV and 14.8% year-over-year revenue growth in its latest quarter.
Shares currently trade at $110.14, near the average Wall Street target of $110.29. BMO’s bullish stance contrasts with broader skepticism, as peers like ETSY and AMZN trade closer to consensus targets.