eBay's Trading Volume Drops 4069% to 243rd Rank Despite Stock Price Rise and Analyst Optimism
1min read On May 2, 2025, eBay's trading volume reached $402 million, a significant decrease of 40.69% compared to the previous day, placing it at the 243rd position in the day's stock market rankings. Despite this, eBay's stock price rose by 1.37%.
Several analysts have recently adjusted their price targets for ebay, reflecting optimism about the company's performance. Benchmark raised its price target to $78 from $75, while Cantor Fitzgerald increased its target to $69 from $65. Baird also boosted its target to $75 from $68, citing eBay's resilience and growth potential. Additionally, Stifel raised its target to $62 from $61, noting that eBay's Q1 results and Q2 guidance exceeded expectations. The firm highlighted the strength in advertising, with no apparent impact from China-based advertisers.
Morgan Stanley also upped its price target for eBay to $74 from $70, maintaining an "overweight" rating. This positive outlook from multiple analysts suggests a strong belief in eBay's future prospects, which could contribute to the stock's upward movement despite the recent decline in trading volume.
Ask Aime: Why did eBay's stock price rise despite a 40% drop in trading volume?
