E-Commerce Stock Earns Overdue Upgrade
EBAYeBay(EBAY) Schaeffers Research·2024-04-18 21:12

E-commerce stock eBay Inc (NASDAQ:EBAY) is 3.9% higher in premarket trading, following a bull note from Morgan Stanley. The analyst upgraded EBAY to "overweight" from "underweight" and nearly doubled its price target to 62from62 from 35, saying the stock is undervalued compared to peers such as Etsy (ETSY). Morgan Stanley's new price target represents a level eBay stock hasn't seen since the end of 2021. Should today's premarket gains hold, EBAY will snap a five-day losing streak. The security is outperforming ...