eBay Shares Surge Past Analyst Target, Investors Assess Future Moves
In recent trading, shares of eBay Inc. (Symbol: EBAY) have surpassed the average analyst 12-month target price of $66.03, currently trading at $66.26 per share. When a stock meets its target price, analysts typically face two choices: either downgrade their assessment based on valuation or adjust their target price upward. Analyst reactions may also depend on fundamental business changes that drive the stock price higher—if the company’s outlook improves, it may be time to raise that target price.
Within the Zacks coverage universe, there are 28 different analyst targets contributing to eBay Inc.’s average. Notably, while the average stands at $66.03, individual assessments vary significantly. For example, one analyst has set a target as low as $49.00, while another holds a target as high as $80.00. The standard deviation among these targets is $7.436.
The rationale behind examining the average EBAY price target is to leverage a “wisdom of crowds” approach. This method integrates the insights of numerous analysts rather than relying solely on a single expert’s opinion. With eBay now trading above the average target price of $66.03 per share, investors are prompted to reassess their positions. They must decide whether $66.03 represents a stepping stone to even greater heights or if the valuation has stretched to the point where it’s wise to consider realizing some profits.
| Recent EBAY Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 9 | 9 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 17 | 17 | 17 | 17 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 2 | 2 | 2 | 1 |
| Average rating: | 2.53 | 2.53 | 2.53 | 2.45 |
The average rating in the table is on a 1 to 5 scale, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For more information, you can access the latest Zacks research report on EBAY—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.
