Ultime notizie per eBay (NASDAQ:EBAY) Azioni

eBay

EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.

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EBAY ORD

eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) disclosed the global expansion <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41350688/ebay-expands-circular-fashion-fund-to-start-ups-delivering-1-2-million-investment-by-the-end-of-20" rel="noreferrer noopener">of its Circular Fashion Fund (CFF)</a>.
The fund supports fashion start-ups in scaling circular solutions, including rental and repair services.
The company stated that applications are open until November 15, 2024, and eligible tech start-ups and small businesses can apply through eBay&#8217;s website.
Since launching in the U.K. in 2022, eBay&#8217;s Circular Fashion Fund (CFF) has supported 15 businesses, including The Seam and RCYCL, in scaling circular fashion solutions.
In its third year, the fund is expanding to the U.S. and Germany, following its success in Australia.
This global growth aligns with eBay&#8217;s commitment to fostering the circular economy by supporting innovative businesses and reshaping how people buy and sell fashion.
The Circular Fashion Fund (CFF) will invest $1.2 million globally in start-ups by the end of 2025, offering over 200 hours of mentoring and networking from industry experts.
eBay Ventures will also award one finalist the title of &#8220;Circular Fashion Innovator of the Year,&#8221; along with a $300,000 investment.
Kirsty Keoghan, Global GM of Fashion at eBay, said, &#8220;The Circular Fashion Fund is a catalyst for collaboration by combining the global scale and power of established companies like eBay with the creativity and innovation of nimble start-ups. We&#8217;re not only helping to scale circular solutions but bringing together the most knowledgeable and respected experts in the industry.&#8221;
Steven&nbsp;Kolb, CEO of CFDA, said, &#8220;eBay Circular Fashion Fund champions innovative solutions to sustainability in fashion and reflects CFDA&#8217;s passion for driving change and motivation to reduce fashion&#8217;s environmental impact. We wholeheartedly support eBay&#8217;s investment in innovation and education, and their leadership in driving the circular fashion agenda while championing the innovators who are catalysts for positive change.&#8221;
This month, eBay successfully won the dismissal of a U.S. Environmental Protection Agency&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41121663/whats-going-on-with-ebay-shares-on-tuesday" rel="noreferrer noopener">(EPA) lawsuit filed last year</a>.
Investors can gain exposure to the stock via&nbsp;ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) and&nbsp;Global X E-commerce ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBIZ#NASDAQ">EBIZ</a>).
Price Action: EBAY shares closed higher by 0.16% at $66.99 on Tuesday.
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eBay's Circular Fashion Fund Expands To US And Germany, Fueling Eco-Friendly Fashion Revolution

eBay, a leading destination for new and pre-loved fashion and luxury, has announced today the global expansion of its Circular Fashion Fund (CFF). The fund is designed to help fashion start-ups scale circular solutions, from production to end-of-life, including rental and repair services. Applications are open from now until November 15, 2024, and innovative tech start-ups and small businesses can apply via eBay's website [<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4279282-1&amp;h=2562314856&amp;u=https%3A%2F%2Fwww.ebay.com%2Fsml%2Fcircular-fashion-innovation-fund-apply&amp;a=here">here</a>].
&nbsp;
Since it launched in the UK in 2022, the&nbsp;CFF has helped 15 businesses scale their circular solutions including The Seam, which allows businesses to offer garment care &amp; repair services at scale to extend the life of clothes, and RCYCL, creators of the innovative at-home fashion recycling program for unwearable clothing. Now in its third year in the UK, the CFF is set to launch in the US and Germany for the first time having successfully expanded to Australia last year.
As part of eBay's commitment to the circular economy, the global expansion of the CFF extends its reach to invest in businesses that bring new technology and services to the market and help people think and shop differently. eBay is transforming the buying and selling experience so that more brands, sellers and buyers can participate in circular fashion.
The&nbsp;CFF will provide a global investment of $1.2 million to start-ups in the global markets by the end of 2025, and over 200 hours of mentoring and networking support for applicants from industry experts. Past judges have included Hugo Adams, CEO of Kelpi Sustainable Materials and KITX Founder Kit Willow. To further amplify its impact, eBay Ventures will select one winner from the global selection of finalists to become "Circular Fashion Innovator of the Year" and receive an investment of $300,000.

eBay Expands Circular Fashion Fund Globally, Supporting Sustainable Fashion Startups

Goldman Sachs analyst Eric Sheridan maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Sell and raises the price target from $46 to $55.

Price Target

Analyst Ratings

Goldman Sachs Maintains Sell on eBay, Raises Price Target to $55

Ratings for eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) were provided by 19 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $60.84, a high estimate of $70.00, and a low estimate of $46.00. Surpassing the previous average price target of $55.94, the current average has increased by 8.76%.
<img src="https://www.benzinga.com/files/images/story/2024/1728680450_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive eBay is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$63.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$65.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$46.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lee Horowitz</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$53.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$59.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nathan Feather</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to eBay. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of eBay compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for eBay's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into eBay's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EBAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on eBay analyst ratings.</a>
<h2>Discovering eBay: A Closer Look</h2>
EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.
<h3>Key Indicators: eBay's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: eBay displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.26%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.71%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): eBay's ROE excels beyond industry benchmarks, reaching 3.8%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.07%, the company showcases effective utilization of assets.
Debt Management: eBay's debt-to-equity ratio is below the industry average. With a ratio of 1.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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Key Takeaways From eBay Analyst Ratings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wells Fargo raised Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) price target from $40 to $52. Wells Fargo analyst Andrew Bauch upgraded the stock from Equal-Weight to Overweight. Affirm shares fell 2.9% to close at $42.01 on Thursday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from $29 to $35. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Cinemark shares gained 4.7% to close at $28.63 on Thursday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock.</a></li>
<li>Mizuho cut the price target for Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from $30 to $13. Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral. Mobileye shares gained 1.8% to close at $12.29 on Thursday. <a href="https://www.benzinga.com/quote/MBLY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) price target from $390 to $421. Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating. Palo Alto shares gained 1.8% to close at $369.40 on Thursday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) price target from $23 to $20. HC Wainwright &amp; Co. analyst Edward White maintained a Buy rating. Valneva shares fell 1% to close at $5.69 on Thursday. <a href="https://www.benzinga.com/quote/VALN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $62 to $70. Baird analyst Colin Sebastian maintained an Outperform rating. eBay shares fell 1.3% to close at $66.05 on Thursday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) from $23 to $27. B of A Securities analyst Neel Mitra upgraded the stock from Neutral to Buy. Kinder Morgan rose 1% to close at $23.72 on Thursday. <a href="https://www.benzinga.com/quote/KMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $56 to $59. Piper Sandler analyst Brian Mullan maintained a Neutral rating. Chipotle shares gained 0.7% to close at $58.33 on Thursday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan raised the price target for Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) from $385 to $525. JP Morgan analyst Ryan Brinkman upgraded the stock from Neutral to Overweight. Ferrari shares fell 0.7% to close at $453.27 on Thursday. <a href="https://www.benzinga.com/quote/RACE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $9 to $7. Morgan Stanley analyst Erin Wright maintained an Underweight rating. Walgreens shares rose 1.4% to close at $9.03 on Thursday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PANW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11090320/image-88-1024x506.png" alt="" class="wp-image-591314" style="width:702px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11090320/image-88-1024x506.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11090320/image-88-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11090320/image-88-768x379.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11090320/image-88.png 1316w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Palo Alto Networks To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Friday

Baird analyst Colin Sebastian maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Outperform and raises the price target from $62 to $70.

Baird Maintains Outperform on eBay, Raises Price Target to $70

Cantor Fitzgerald analyst Deepak Mathivanan reiterates eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Neutral and maintains $62 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on eBay, Maintains $62 Price Target

Wells Fargo analyst Ken Gawrelski maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Equal-Weight and raises the price target from $55 to $63.

Wells Fargo Maintains Equal-Weight on eBay, Raises Price Target to $63

eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) shares are trading lower on Tuesday. The company successfully won the dismissal of a U.S. Environmental Protection Agency <a href="https://www.benzinga.com/news/23/09/34968812/ebay-under-fire-faces-legal-battle-over-alleged-environmental-regulation-violations" target="_blank" rel="noreferrer noopener">(EPA) lawsuit filed last year</a>.
In 2023, the U.S. government <a target="_blank" href="https://www.epa.gov/newsreleases/epa-and-justice-department-file-complaint-alleging-environmental-violations-ebay" rel="noreferrer noopener">pressed </a>charges against eBay, alleging breaches of environmental regulations.
The charges primarily revolved around eBay&#8217;s alleged role in facilitating the sale of products that violate environmental norms.
The U.S. Department of Justice alleged that eBay has allowed its platform to be used to sell over 343,000 &#8220;defeat&#8221; devices.
On Monday, U.S. District Judge Orelia Merchant in Brooklyn ruled that Section 230 of the Communications Decency Act covers eBay from responsibility in the case, Reuters reported.
She rejected the government&#8217;s claim that eBay should be considered a seller simply because it facilitated the exchange of products for money.
In another development, on Tuesday, eBay stated that it eliminated selling fees for consumer-to-consumer (<a target="_blank" href="https://www.ebayinc.com/stories/news/ebay-announces-free-selling-in-the-uk/#:~:text=Beginning%20today%2C%20eBay%20is%20removing,C2C%20sellers%20earlier%20this%20year." rel="noreferrer noopener">C2C</a>) sellers in the U.K. for domestic transactions across all categories except motors.
This move follows the earlier introduction of free selling for pre-owned apparel categories for UK C2C sellers.
Apart from this, the company rolled out improvements for U.K. customers, including a simplified listing process, easier delivery, enhanced local pickup, and improved wallet functionality with eBay Balance.
eBay also plans to introduce a buyer-facing fee in the U.K. in early 2025, along with buyer enhancements that offer added value.
Investors can gain exposure to the stock via ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) and Global X E-commerce ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBIZ#NASDAQ">EBIZ</a>).
Price Action: EBAY shares are down 0.90% at $64.53 at the last check on Tuesday.
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<li><a href="https://www.benzinga.com/trading-ideas/24/09/40924739/the-journey-of-ebay-stock-from-humble-beginnings-to-a-6640-increase-unveiling-the-potential-for-mor" target="_blank" rel="noreferrer noopener">The Journey Of eBay Stock From Humble Beginnings To A 6640% Increase Unveiling The Potential For More Explosive Growth</a></li>
</ul>

Media

What's Going On With eBay Shares On Tuesday?

Importantly, this initiative was contemplated in its financial outlook provided to the investment community at Q2 2024 earnings.
The company also plans to introduce a buyer-facing fee in the UK in early 2025 alongside a set of buyer enhancements that provide additional value.&nbsp;

eBay Is Removing Selling Fees For Consumer-To-Consumer Sellers In The UK For Domestic Transactions Across All Categories, Excluding Motors - Filing

eBay Wins Dismissal Of U.S. Government Lawsuit Accusing It Of Violating Environmental Laws By Allowing Sale Of Harmful Products On Its Platform

Nike Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) marked this week with news of longtime executive Elliott Hill&rsquo;s triumphant return as the new CEO. Putting its global brand recognition aside, Nike&nbsp;has had its fair share of struggles over the past few years.&nbsp;Executive chairman Mark Parker alluded to the need for changing course, stating that Elliott&rsquo;s global expertise, leadership style, and deep understanding of the company&rsquo;s doings, paired with his passion for sport, Nike brands, products, consumers, athletes, and employees, make him the right person to unlock the next stage of growth.&nbsp;
<h3>Nike Needs To Return To Stock Market Glory</h3>
Nike&nbsp;has spent decades building one of the most recognizable brands&nbsp;and worked its way to a market capitalization of over $130 billion.&nbsp;But at one&nbsp;point in time,&nbsp;its market cap was over $280 billion.&nbsp;During the fiscal 2024 that ended on May 31st, Nike&rsquo;s struggles got worse. While the running shoes trend sprinted, Nike stagnated. Fourth-quarter sales dropped 2% YoY with Nike Direct sales contracting 7%, digital sales dropping 10%, while wholesale was a rare bright spot with 8% growth. Gains in performance products that increased in double digits were more than erased by struggles of the lifestyle business. For the current fiscal 2025, Nike guided for&nbsp;low-single-digit drop in revenue, while expecting a high single digit drop during the first half of the fiscal year. Nike&rsquo;s shift towards direct channels backfired, with too much reliance on those channels and losing touch with what its consumers really want being among its main issues.&nbsp;
<h3>The Iconic Sneaker And Sport Apparel Brand Needs To Get Back In Shape</h3>
Hill left the sporting apparel giant in 2020, but as&nbsp;a longtime Nike veteran, he&rsquo;s inspiring confidence in his ability to get Nike back in shape. Like the coffee giant, Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>), Nike took a chance on an outsider CEO with tech experience, hoping to raise their game. Starbucks got Kevin Johnson who had experience with no other than the tech titan, Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). Nike hoped that it will change the game with John Donahoe who brought his eBay Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) know-how. But Nike admitted its mistake by changing course and going back to a CEO who knows the company inside and out. As of October 14th,&nbsp;Hill&nbsp;will have a shot at mending Nike&rsquo;s missteps and putting an end to its struggles.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Sports

General

MSFT

SBUX

Nike Goes Back To Its Roots In Hopes Of Getting Back In Shape

<a href="https://www.liberis.com/">Liberis</a>, one of the leading global embedded finance platforms, has launched its latest product 'Flexible Cash Advance' with eBay Seller Capital in the United States, enabling sellers to receive larger and even more flexible financing, with funds ranging from $5k to $2M in the coming weeks - empowering sellers to get financing when they need it.
eBay sellers can access 'Flexible Cash Advance' through their eBay seller dashboard and in as little as three minutes, they can complete the application process to receive same-day approval and funding up to $2M, and flexible payment schedules that scale with their sales cycles. As they make payments towards their outstanding balance, they will be able to unlock additional financing.
A study by <a href="https://spend.usbank.com/blog/closing-strong-year-end-cash-flow-strategies-monitoring-and-the-role-of-spend-management-platforms/#:~:text=According%20to%20a%20U.S.%20Bank,survival%20and%20success%20of%20enterprises.">U.S. Bank</a> shared that 82 per cent of business failures are due to insufficient cash flow. 'Flexible Cash Advance' helps businesses that have unpredictable cash flow stay afloat, buy more inventory, prepare for seasonal fluctuations and deal with unexpected expenses - allowing them to thrive where previously they may have struggled.

Liberis Launch New Product 'Flexible Cash Advance' To Fund eBay Sellers Up To $2M In The United States

eBay Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) is the world&#39;s largest online auction site connecting buyers and sellers worldwide. It was one of the first consumer-to-consumer (C2C) online auction sites on the internet, and it&#39;s nearing its 30th birthday. eBay is no longer the hypergrowth e-commerce stock it once was; it is a stable and steady blue-chip internet stock that remains profitable with a solid balance sheet and liquidity. Its shares are coming off a 52-week high.
eBay operates in the computer and technology sector and competes with online auction and eCommerce marketplaces, including Etsy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>), Amazon.com Inc., Mercari Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mcary#OTC">MCARY</a>) and Alibaba Group Holding Ltd.
<h2>Capitalizing on the Collectibles Market </h2>
eBay is one of the largest sites for collectibles auctions and sales. It charges a 13% fee to sellers for sold items. Hobbyists and collectors of comic books, Funko Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnko#NASDAQ">FNKO</a>), Funko Pops, trading cards, sneakers, handbags, watches, and antiques from all over the world gather to bid on collectible items. Collectibles was the second largest contributor to gross merchandise volume (GMV) in its second-quarter of 2024 earnings report.
<h2>Partnering With PSA: Grading and Authentication </h2>
eBay has made several deals with Collectors, the parent company of Professional Sports Authenticator (PSA). PSA is a widely used third-party grading and authentication service that focuses on authenticating, grading, and encapsulating trading cards, autographs, toys, and Funko Pops. Graded cards sell for much more money than raw cards. eBay transferred trading card assets to the PSA vault for holding. PSA customers can easily sell their graded and encapsulated cards from the PSA vault on eBay at any time without having to wait for their cards to be shipped back to them to ship out to the buyers.
eBay also completed the acquisition of Goldin Auctions, a premium auction house for collectibles, from Collectors. Goldin has gained mainstream popularity thanks to its Netflix Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) series &quot;King of Collectibles&quot;&nbsp;which is&nbsp;streaming for&nbsp;a second season.
<h2>Refurbished Inventory and Authentication Guarantee Growth </h2>
eBay expanded its refurbished service to include golf clubs. It&#39;s launched stores for brands and original equipment manufacturers (OEMs) like Dyson to sell their refurbished inventory. Seagate Technologies Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is responsible for direct sales of its factory-recertified hard drives. It has also reached a milestone in its Authentication Guarantee Program. It has authenticated its 10th million items since its inception, including a pair of Air Jordan 1 Low Lucky Green sneakers in its Las Vegas facility.
eBay has also launched a &quot;click-to-resell&quot; button with Certilogo, an AI-powered pre-owned clothing authentication provider. eBay is the largest pre-owned clothing and merchandise marketplace, benefiting from the off-brand consumer shopping tailwinds.
<h2>Investments in AI and ML Are Paying Off </h2>
eBay&#39;s investments in AI are paying off as it deployed its first supercomputer. It gives them the capacity to build and refine larger LLMs on trillions of tokens. Its supercomputer is on par with the top 50 supercomputers in the world in terms of computing speed and petaflops. Its generative AI offerings are helping sellers better list their items, creating more detailed item descriptions. eBay launched a generative AI-powered discovery feature called Shop the Look for fashion buyers. This feature lets eBay curate personalized outfits of new and pre-owned apparel and luxury items that match a user&#39;s style and preferences.
<h2>Magical Listings Are a Game Changer </h2>
One of the major friction points and bottlenecks for sellers is the time-consuming task of listing items for sale on eBay. The seller has to complete a number of tasks that include creating a compelling description along with the title, item details, category selections, pricing and shipping options. eBay&#39;s AI-powered Magical Listing Tool automates the listing process as soon as the seller uploads a picture of the item to be sold. The tool will automatically create the description and fill in the details, which the seller overlooks and confirms before going live. Currently, Magical Listings is still in beta.
eBay CEO Jamie Iannone commented, &quot;After fully rolling out generative AI descriptions, we are continuing to test and iterate on the next phase of our magical listing experience, which leverages user-uploaded product images to help sellers fill in the category, title, and other item aspects for a listing. A subset of sellers are testing this experience in beta, and we are leveraging their feedback and expertise to train our models and expand coverage to a broader range of categories.
<h2>eBay&#39;s Steady Eddie Single-Digit Growth Quarter </h2>
eBay reported Q2 2024 EPS of $1.18, which beat consensus analyst expectations by 5 cents. Revenues rose 1.3% YoY to $2.57 billion versus $2.53 billion consensus estimates. GAAP net income was $226 million, while non-GAAP net income was $602 million. eBay generated $367 million of operating cash flow and $278 million of free cash flow.
GMV was up 1% to $18.4 billion. Active buyers were flat YoY at 132 million. eBay Motors Parts and Accessories (P&amp;A) segment had the highest GMV in the quarter, followed by Collectibles. Non-GAAP operating margins came in at 27.9%, higher than the 27.6% upper end of guidance. Advertising revenue grew 12% YoY as total ad revenue rose to 2.2% of GMV.
The company bought back $1 billion of stock in the quarter, or 19 million shares. There is still $1.9 billion remaining in its buyback program. After paying out $135 million in cash dividends, eBay closed the quarter with $6.3 billion in cash and cash equivalents.
<h2>eBay Issues Mixed Guidance </h2>
The company expects third-quarter 2024 EPS of $1.15 to $1.20, beating $1.13 consensus estimates. Revenues are expected between $2.50 billion and $2.56 billion, versus $2.54 billion consensus estimates.
<h2>EBAY Stock Forms a Potential Bull Flag Set-Up </h2>
A bull flag forms when the stock surges through its upper descending trendline resistance, which moves parallel to its descending lower trendline support after peaking its flag pole run up at a swing high.
<img alt="eBay EBAY stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240922164924_chartq-ebay.jpg" style="height:744px; width:915px" />
EBAY formed its swing high at $64.96, shy of the highest analyst price target of $65.00. The flagpole commenced with parallel descending (falling) upper and lower trendlines. A market structure high (MSH) sell trigger also forms under $63.02. The daily relative strength index (RSI) is slipping to the 65-band. Fibonacci (Fib) pullback support levels are at $60.82, $56.98, $56.63, and $55.29.
eBay&#39;s average consensus price target is $56.90, and its highest analyst price target is $65.00. &nbsp;
EBAY stock recently peaked off its highest analyst price target at $65.00. Its consensus price target is 9% lower at $56.90. However, if a bull flag triggers, it may also be setting up its next leg higher. Bullish investors can enter on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip. &nbsp;
By implementing a bullish call debit spread, bullish options investors can limit the downside and profit from modest upside gains for less capital than owning the stock.
The article &quot;<a href="https://www.marketbeat.com/originals/why-ebay-stock-is-the-steady-performer-you-cant-ignore/">Why eBay Stock Is the Steady Performer You Can&#39;t Ignore</a>&quot; first appeared on MarketBeat.

Earnings

Mid Cap

Guidance

Dividends

Technicals

Offerings

Buybacks

Small Cap

Tech

ETSY

FNKO

MCARY

NFLX

Why eBay Stock Is the Steady Performer You Can't Ignore

B of A Securities analyst Justin Post maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Neutral and raises the price target from $57 to $65.

B of A Securities Maintains Neutral on eBay, Raises Price Target to $65

During the last three months, 15 analysts shared their evaluations of eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $59.73, a high estimate of $65.00, and a low estimate of $46.00. This current average has increased by 8.46% from the previous average price target of $55.07. 
<img src="https://www.benzinga.com/files/images/story/2024/1727107240_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of eBay by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$62.00</td>
<td>-</td>
</tr>
<tr>
<td>Youssef Squali</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$46.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Ygal Arounian</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lee Horowitz</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$53.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Brian Pitz</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$59.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Justin Post</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nathan Feather</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to eBay. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of eBay compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of eBay's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/EBAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on eBay analyst ratings.</a>
<h2>About eBay</h2>
EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. EBay generates just north of 50% of its GMV in international markets, with a large presence in the UK, Germany, and Australia.
<h3>Key Indicators: eBay's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining eBay's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.26% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: eBay's net margin excels beyond industry benchmarks, reaching 8.71%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): eBay's ROE stands out, surpassing industry averages. With an impressive ROE of 3.8%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): eBay's ROA excels beyond industry benchmarks, reaching 1.07%. This signifies efficient management of assets and strong financial health.
Debt Management: eBay's debt-to-equity ratio is below the industry average at 1.48, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

15 Analysts Have This To Say About eBay

<ul>
<li>Since its launch in the 1990s, eBay stock has increased by 6,640% from just under $1, despite experiencing significant volatility.</li>
<li>After a consolidation period where eBay&#39;s stock fluctuated between $35 and $52, it broke through the $52 resistance in March with an 11% increase.</li>
<li>Despite a recent 24% rise in eBay&#39;s stock, it still needs to gain an additional 25% to return to its all-time high.</li>
</ul>
Since its launch in the 1990s, eBay Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) stock has had an impressive journey. It started at just under $1 and has increased by 6,640% over the years. Despite this growth, the stock has shown significant volatility, highlighting the dynamic nature of investing in tech giants.
The stock&#39;s path to its current state faced many challenges. Notably, eBay&#39;s shares reached a peak of $81 in October 2021, but then dropped by 55% over the next year. This sharp decline was due to the stock failing to hold support levels at $47 and $42, eventually stabilizing around $35.
This downturn caused eBay&#39;s stock price to fluctuate between $35 and $52, leading to a consolidation period. The phase ended in March when the stock surpassed the $52 resistance level with an 11% rise that month.
Since then, eBay&#39;s stock has increased by another 24%. However, it still needs a 25% gain to reach its all-time high again.
This month, eBay&#39;s stock has increased by nearly 10%, showing promising signs. Year-to-date figures are even better, with a strong 48% gain. This performance raises interest in the stock&#39;s potential to keep rising.
Between October 2002 and December 2004, eBay showed it could grow steadily, increasing by 347% in a strong linear trend.
<img alt="2024-09-17_19-16-27.png" src="https://www.benzinga.com/files/u517520/2024-09-17_19-16-27.png" style="height:308px; width:624px" />
This past performance implies that if eBay can exceed its previous peak, it could enter another period of strong growth, potentially offering significant returns to investors.
The future of eBay&rsquo;s stock is interesting as market observers watch to see if it can maintain momentum and possibly set new records, continuing to reward investors with substantial gains.
After the closing bell on Monday, September 16, the stock closed at $64.36, trading up by 1.48%.
&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

The Journey Of eBay Stock From Humble Beginnings To A 6640% Increase Unveiling The Potential For More Explosive Growth

As of Sept. 18, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Sleep Number Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>)</h3>
<ul>
<li>On Sept. 17, Piper Sandler analyst Peter Keith maintained Sleep Number with a Neutral and raised the price target from $12 to $16. The company's stock gained around 33% over the past five days and has a <a href="https://www.benzinga.com/quote/SNBR">52-week high of $27.12</a>.</li>
<li>RSI Value: 75.86&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>SNBR Price Action: Shares of Sleep Number gained 8.2% to close at $18.98 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Papa John&#8217;s International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>)</h3>
<ul>
<li>On Sept. 9, Papa Johns named Kevin Vasconi as Chief Digital and Technology Officer. The company's stock gained around 13% over the past month and<a href="https://www.benzinga.com/quote/PZZA"> has a 52-week high</a> of $78.67.</li>
<li>RSI Value: 72.22</li>
<li>PZZA Price Action: Shares of Papa John&#8217;s gained 3.5% to close at $52.56 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>)</h3>
<ul>
<li>On Sept. 5, Cantor Fitzgerald analyst Deepak Mathivanan initiated coverage on eBay with a Neutral rating and announced a price target of $62. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/EBAY">52-week high</a> of $64.96.</li>
<li>RSI Value: 82.85</li>
<li>EBAY Price Action: Shares of eBay rose 0.8% to close at $64.88 on Tuesday.</li>
</ul>
Read More: 
<ul>
<li>C<a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">ramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Short Ideas

PZZA

SNBR

Top 3 Consumer Stocks That May Fall Off A Cliff In Q3

E-commerce is thriving due to the growth of online marketplaces, innovative selling strategies, increased internet accessibility, and enhanced consumer engagement strategies. This presents a prime opportunity for investors. Therefore, buying strong e-commerce stocks MercadoLibre (MELI), Shopify (SHOP), and eBay (EBAY), which have high momentum, could be a smart move now. Keep reading… The e-commerce industry is rapidly expanding, fueled by the rise of online marketplaces, social commerce, and quick commerce. Increasing adoption of innovative strategies like livestream selling, dropshipping, AI-driven personalization, and direct-to-consumer models are creating exciting investment opportunities.
Thus, investors should consider strong e-commerce stocks such as MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>), Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>), and eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>), which are trading above their 50-day and 200-day moving averages.
The advent of high-speed internet and the surge in online shopping, along with the expansion of mobile commerce across all regions, have boosted e-commerce. With increased accessibility, companies are prioritizing and investing in customer engagement and online retail sales. Hence, U.S. online retail sales are projected to reach $1.2 trillion this year, reflecting a <a href="https://www.fticonsulting.com/insights/reports/2024-online-retail-report#:~:text=We%20project%20U.S.%20online%20retail%20sales%20will%20hit%20%241.2%20trillion%20in%202024.&amp;text=Estimated%20increase%20in%20U.S.%20online,%2C%20or%209.8%25%20over%202023.&amp;text=Expected%20U.S.%20e%2Dcommerce%20market,at%20the%20end%20of%202023.">$108 billion (9.8%) increase</a> from last year.
Meanwhile, the rise of second-hand marketplaces appeals to consumers seeking high-quality products at low prices with seamless payment options. Also, dropshipping enables business owners to sell online without holding inventory, reducing costs and simplifying operations. Given this trend, U.S. e-commerce revenue is projected to increase significantly by $657.8 billion, or <a href="https://www.statista.com/statistics/272391/us-retail-e-commerce-sales-forecast/">53.79%, from 2024 to 2029</a>.
Despite economic uncertainty and a slight slowdown in overall retail sales growth recently, the upcoming holiday season is expected to benefit sectors like clothing, accessories, and health retail. On top of it, innovations such as chatbots and headless commerce are set to enhance industry prospects further.
Considering these conducive trends, let's examine the fundamentals of the three above-mentioned E-commerce stocks.
MercadoLibre, Inc. (<a href="https://stocknews.com/stock/MELI/">MELI</a>)
Headquartered in Montevideo, Uruguay, MELI operates online commerce platforms in Latin America. It operates in two segments: Mercado Libre Marketplace and Mercado Pago FinTech platform. The company offers an automated online marketplace for buying and selling, as well as a financial technology platform for online transactions and payments.
In terms of the trailing-12-month gross profit margin, MELI's 54.70% is 47.5% higher than the 37.09% industry average. Its 3.71% trailing-12-month Capex / Sales is 26.2% higher than the 2.94% industry average. Also, the stock's 6.98% trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> is 73.7% higher than the 4.02% industry average.
During the fiscal second quarter that ended on June 30, 2024, MELI's net revenues and financial income increased 41.5% year-over-year to $5.07 billion. The company's gross profit rose 29.2% over the prior-year quarter to $2.37 billion.
For the same quarter, its income from operations stood at $726 million, up 8.5% year-over-year. Additionally, its net income and EPS increased 102.7% and 103.1% from the year-ago values to $531 million and $10.48, respectively.
Street expects MELI's EPS for the quarter ending September 30, 2024, to increase 36.9% year-over-year to $9.80. Its revenue for the same quarter is expected to grow 39.7% year-over-year to $5.25 billion. It surpassed the EPS  estimates in each of the trailing four quarters. Over the past year, the stock has gained 64.5% to close the last trading session at $2,100.17.
MELI's stock is trading above its 50-day and 200-day moving averages of $1,899.99 and $1,682.33, respectively.
MELI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
MELI has a B grade for Growth, Momentum, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #25 out of 52 stocks. To see MELI's ratings for Value and Stability, <a href="https://stocknews.com/stock/MELI/">click here</a>.
Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>)
SHOP is a commerce company that provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia-Pacific, Australia, China, and Latin America. The company's platform enables merchants to display, manage, market, and sell their products through various sales channels and manage products and inventory, process orders, and payments.
In terms of its trailing-12-month Return on Total Capital, SHOP's 6.27% is 132.9% higher than the 2.69% industry average. Likewise, its 16.40% trailing-12-month net income margin is 352.7% higher than the 3.62% industry average. The stock's 0.74x trailing-12-month asset turnover ratio is 18.7% higher than the 0.62x industry average.
SHOP's revenues for the second quarter which ended on June 30, 2024, increased 20.7% year-over-year to $2.05 billion. Its adjusted gross profit rose 24.6% over the prior-year quarter to $1.05 billion. SHOP's adjusted net income and adjusted net income per share attributable to shareholders were $345 million and $0.26, reflecting year-over-year increases of 93.8% and 85.7%, respectively.
SHOP's stock is trading above its 50-day and 200-day moving averages of $68.52 and $71.52, respectively.
For the quarter ending September 30, 2024, SHOP's EPS and revenue are expected to increase 12.5% and 23.2% year-over-year to $0.27 and $2.11 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past month, SHOP's stock has gained 50.9% to close the last trading session at $80.11.
SHOP's POWR Ratings reflect this optimistic outlook. It has an A grade for Sentiment and a B for Momentum. SHOP is ranked #19 out of 26 stocks in the  <a href="https://stocknews.com/category/internet-services/">Internet – Services</a> industry. To access the additional grades of SHOP for Growth, Value, Stability, and Quality, <a href="https://stocknews.com/stock/SHOP/">click here</a>.
eBay Inc. (<a href="https://stocknews.com/stock/EBAY/">EBAY</a>)
EBAY operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platforms include eBay.com and the eBay suite of mobile apps. They enable users to list, buy, and sell various products.
On July 10, 2024, EBAY introduced Business Cash Advance, a new financing option in partnership with Liberis. This service offers eligible U.S. sellers up to $1 million in working capital within 24 hours, with flexible payment options and a simple online application process.
In terms of the trailing-12-month EBIT margin, EBAY's 21.45% is 174.5% higher than the 7.81% industry average. Its 4.35% trailing-12-month Capex / Sales is 47.8% higher than the 2.94% industry average. Similarly, the stock's 18.41% trailing-12-month levered FCF margin is 264.9% higher than the 5.05% industry average.
In the fiscal second quarter that ended June 30, 2024, EBAY's net revenues increased 1.3% year-over-year to $2.57 billion. Its gross profit rose marginally year-over-year to $1.84 billion. Also, its non-GAAP net income from continuing operations stood at $602 million and 1.18 per share, up 8.5% and 14.6% over the prior-year quarter, respectively.
EBAY's stock is trading above its 50-day and 200-day moving averages of $57.67 and $50.70, respectively.
Analysts expect EBAY's EPS for the quarter ending September 30, 2024, to increase 14.4% year-over-year to $1.18. Its revenue for the same quarter is expected to rise 1.7% year-over-year to $2.54 billion. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 50.9% to close the last trading session at $65.10.
EBAY's POWR Ratings reflect its strong fundamentals. EBAY has an A grade for Quality and a B for Momentum. It is ranked #24 in the Internet industry. Beyond what we have stated above, we also have given EBAY grades for Growth, Value, Stability, and Sentiment. Get all the EBAY's ratings <a href="https://stocknews.com/stock/EBAY/">here</a>.
What To Do Next?
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<hr />
MELI shares were trading at $2,107.78 per share on Tuesday afternoon, up $5.15 (+0.24%). Year-to-date, MELI has gained 34.12%, versus a 20.80% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/meli-shop-ebay-3-e-commerce-stocks-for-momentum-focused-investors/>3 E-Commerce Stocks for Momentum-Focused Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 E-Commerce Stocks for Momentum-Focused Investors

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