Analysts predict EBay Inc. (EBAY) stock to reach $58.04 in the next 12 months

At the time of writing, EBay Inc. [EBAY] stock is trading at $52.98, up 0.63%. An important factor to consider is whether the stock is rising or falling in short-term value. The EBAY shares have lost -0.51% over the last week, with a monthly amount drifted -0.19%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On April 18, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $962 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $62 on April 18, 2024. Mizuho reiterated its recommendation of a Neutral and reduced its price target to $40 on January 17, 2024. In a note dated January 09, 2024, BMO Capital Markets initiated an Market Perform rating and provided a target price of $49 on this stock.

For the past year, the stock price of EBay Inc. fluctuated between $37.17 and $55.35. Currently, Wall Street analysts expect the stock to reach $58.04 within the next 12 months. EBay Inc. [NASDAQ: EBAY] shares were valued at $52.98 at the most recent close of the market. An investor can expect a potential return of 9.55% based on the average EBAY price forecast.

Analyzing the EBAY fundamentals

According to EBay Inc. [NASDAQ:EBAY], the company’s sales were 10.14B for trailing twelve months, which represents an 3.43% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.44 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.42 points at the first support level, and at 51.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.30, and for the 2nd resistance point, it is at 53.63.

Ratios To Look Out For

It is important to note that EBay Inc. [NASDAQ:EBAY] has a current ratio of 1.99. On the other hand, the Quick Ratio is 1.99, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 4.30 and price to earnings (TTM) ratio is 10.58.

Transactions by insiders

Recent insider trading involved Boone Cornelius, SVP, Chief People Officer, that happened on Jun 18 ’24 when 3985.0 shares were sold. SVP, Chief Product Officer, Garcia Edward O completed a deal on Jun 18 ’24 to sell 986.0 shares. Meanwhile, VP, Chief Accounting Officer SPENCER REBECCA sold 2083.0 shares on Jun 13 ’24.

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