Morgan Stanley Flips From EBay's Biggest Bear to Top Bull on AI [Yahoo! Finance]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Yahoo! Finance
Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Tesla Asks Investors to Approve Musk's $56 Billion Pay Again “We believe eBay is best-positioned to capture upside from generative AI in 2024,” the bank's analyst Nathan Feather wrote in a note, double-upgrading the stock to overweight. Feather's new price target of $62, up from a previous $35, makes him the most bullish analyst on the Street, according to data compiled by Bloomberg. Ebay shares are up 13% this year on hopes job cuts can revive profits against a tricky economic backdrop. Morgan Stanley is positive on the company's “strategy evolution” following a boost during the pandemic-era lockdowns, and sees eBay's focus on AI features driving growth. Feather assumed coverage of eBay as Morgan Stanley's lead analyst in February with
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 5/1/24 - Form 424B2
- 5/1/24 - Form FWP
- 5/1/24 - Form FWP
- MS's page on the SEC website