E-commerce stock eBay Inc (NASDAQ:EBAY) is 3.9% higher in premarket trading, following a bull note from Morgan Stanley. The analyst upgraded EBAY to "overweight" from "underweight" and nearly doubled its price target to $62 from $35, saying the stock is undervalued compared to peers such as Etsy (ETSY).Morgan Stanley's new price target represents a level eBay stock hasn't seen since the end of 2021. Should today's premarket gains hold, EBAY will snap a five-day losing streak. The security is outperforming t ...

EBay has launched an artificial intelligence (AI) enhancement that helps fashion consumers “shop the look.”This feature uses consumers’ shopping history to present them with items and outfits that match their style preferences and are available from sellers on the platform, the company said in a Tuesday (April 9) blog post.“We designed shop the look to evolve with the tastes of our customers by taking cues from their shopping habits,” Raul Romero, a product manager at eBay, wrote in the post. “Their style r ...

Annual GLIDE Power of One Charity Lunch Auction to be Hosted by Salesforce Chair and CEO Marc Benioff, Powered by eBay SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- For more than 60 years, GLIDE has been dedicated to fighting systemic injustices, creating pathways out of poverty and crisis and transforming lives. GLIDE announced today its annual Power of One Charity Lunch Auction, an exclusive lunch auction launched by Warren Buffett more than 20 years ago, will now be hosted by Salesforce Chair and CEO Marc ...

This year is likely to be a good one for e-commerce, with the segment expected to take away big slices of the total retail pie. Commerce Department numbers for the last quarter is proof of this: e-commerce sales in the fourth quarter of 2023 grew 7.5% over 4Q22 (0.8% sequentially), with total retail sales increasing 2.8% (0.4% sequentially). E-commerce accounted for around 15.6% of total U.S. retail sales. The convenience of online shopping remains the top reason for ecommerce volumes and this is particular ...

Can a low-growth business reward shareholders?Shares of online marketplace eBay (EBAY -0.87%) were up 11.6% in March, according to data provided by S&P Global Market Intelligence. While there wasn't a specific catalyst in March, the company reported full-year financial results for 2023 in late February. And some analysts weighed in positively about eBay stock in March in light of its 2023 report.Some investors wrongly think that eBay is a business in decline. But the report for 2023 showed it is a stable bu ...

In a nod to Ken's racing number, the drop includes 43 collectibles representing his projects through the years, from dinged-up wheels featured on the "Hoonicorn" in Gymkhana 10 and the "Hoonitron" in Electrikhana One and Two, to the hood, bumper and race suit from Ken's 2015 Global RallyCross Championship campaign. Beyond Ken's personal collection, fans can also purchase limited-run apparel designed in collaboration with Block House Racing. "Ken Block was an undeniable inspiration to car lovers and fans eve ...

Sign on facade at headquarters of Internet auction company Ebay in the Silicon Valley, San Jose, ... [+] California, March 15, 2019. (Photo by Smith Collection/Gado/Getty Images)Getty ImageseBay’s stock (NASDAQ NDAQ : EBAY) has gained roughly 19% YTD, as compared to the 9% rise in the S&P500 index. However, at its current price of $52, the stock is trading 6% above its fair value of $49 – Trefis’ estimate for eBay’s valuation. Amid the current financial backdrop, EBAY stock has seen little change, moving sl ...

Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value. A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves.In 2024, several companies – HCA Healthcare (HCA) , Meta Platforms (META) , and eBay (EBAY) – have unveiled repurchase programs. In addition to buybacks, all three sport a favorable Zacks Rank, reflecting positive earnings estimate ...

Fool.com contributor Parkev Tatevosian discusses why this dividend stock, in particular, is an excellent purchase for passive income investors. *Stock prices used were the afternoon prices of March 8, 2024. The video was published on March 10, 2024. ...

Justin Sullivan eBay (NASDAQ:EBAY) shares are up almost 10% since the company opened books for the December quarter 2024, and rightly so: eBay's value thesis, which I initiated about 15 months ago on the backdrop of strong commercial momentum, is taking shape, fueled by an impressive Q4 report and a promising outlook for FY24. The marketplace giant is delivering a solid performance in the core commerce business, while advertising revenues are soaring. Moreover, Strategic cost management and a generous s ...