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0 -0.00246337352521732 -0.00155581485803195 -0.00350058343057189 0.00246337352521714 0.0111500064825619 0.0106314015298845 0.00492674705043427
Stock impact report

EBay's stock rallies after Stifel analyst turns bullish, lifts price target [MarketWatch]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
Company Research Source: MarketWatch
Shares of EBay Inc. rallied 1.9% in premarket trading Friday, after Stifel Nicolaus analyst Scott Devitt turned bullish on the e-commerce company, as retail closures resulting from the coronavirus pandemic has shifted a "substantial portion" of consumer spending online. Devitt raised his rating to buy, after being at hold since October 2018, and lifted his price target to $45 from $40. He said third-party data shows that e-commerce sales have accelerated "dramatically" in March with strong momentum continuing in April. "EBay is a direct beneficiary of the current landscape and we see upside to near-term topline results as competing platforms temporarily prioritize food and household necessities and consumer demand for items desired for work and education in the home inflect higher," Devitt wrote in a note to clients. Devitt also raised his stock price targets for rival e-commerce companies Amazon.com Inc. to $2,600 from $2,400 and for Wayfair Inc. to $115 from $75, while maintaining h Show less Read more
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