In recent trading, shares of eBay Inc. (Symbol: EBAY) have surpassed the average analyst 12-month target price of $63.27, currently trading at $69.40/share. When a stock hits an analyst’s target, they typically have two options: downgrade the valuation or raise their target price. Their decision may also depend on recent company developments that have driven the stock higher. If eBay’s prospects look promising, an upward adjustment in their target could be warranted.
Within the Zacks coverage universe, 26 analysts contribute to the average target for eBay Inc. However, this average reflects a range of opinions. For example, while one analyst has set a lower target at $52.00, another sees potential up to $75.00. The standard deviation among analyst targets is $5.862, highlighting the differing views on the stock’s future.
The purpose of examining the average EBAY price target is to gather insights from various analysts, representing a collective “wisdom of crowds” rather than relying on one expert’s opinion. With eBay’s stock price now above the average target of $63.27/share, investors are encouraged to evaluate the company’s potential. They now face a critical question: Is $63.27 merely a stepping stone to even higher targets, or is it time to consider selling some shares to lock in profits?
| Recent EBAY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 9 | 9 | 9 | 8 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 17 | 17 | 17 | 19 |
| Sell ratings: | 1 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.45 | 2.39 | 2.39 | 2.5 |
The average rating shown in the table ranges from 1 to 5, where 1 represents Strong Buy and 5 indicates Strong Sell. The data for this article comes from Zacks Investment Research via Quandl.com. Stay informed with the latest Zacks research report on EBAY — available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
