eBay Inc. ($EBAY) Stock Forecast: Down 8.5% Today

What is eBay Inc.?

eBay (NASDAQ: EBAY) operates as an e-commerce company facilitating global transactions between buyers and sellers on its online platform. The stock faced downward pressure today amid a broader market decline.

Why is eBay Inc. going down?

EBAY stock is down 8.5% on Oct 31, 2024 17:02

• eBay saw a decline in its stock value following weaker-than-anticipated Q4 revenue guidance, despite outperforming earnings expectations. This disparity in revenue and earnings projections likely unsettled investors.
• The market displayed a negative response to eBay's third-quarter revenue growth of 3% year over year falling short of predictions. This revenue miss potentially contributed to the stock's bearish performance.
• Despite positive Q3 results showing revenue and earnings growth, eBay's future revenue guidance for Q4 and fiscal year 2024 below estimates may have unsettled investors, driving the stock's downward trajectory.
• While eBay boasted a strong track record of earnings and favorable quarterly outcomes, the market's reaction to the disappointing revenue forecast underscored the significant impact of revenue projections on stock movements.

EBAY Price Chart

EBAY Technical Analysis

EBAY News

EBay Shares Slide As Q4 Revenue Guidance Misses Expectations Despite Earnings Beat - eBay ( NASDAQ:EBAY )

EBay Inc. EBAY shares are trading lower Thursday. The e-commerce company reported third-quarter results and issued fourth-quarter and fiscal year 2024 revenue guidance below estimates. Revenue growth of 3% year over year on an as-reported basis and an FX-Neutral basis to $2.58 billion, beating ...

https://www.benzinga.com/news/earnings/24/10/41655251/ebay-shares-slide-as-q4-revenue-guidance-misses-expectations-despite-earnings-beat

Estée Lauder, Robinhood, eBay And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Roku ( NASDAQ:ROKU )

U.S. stock futures were lower this morning, with the Dow futures falling around 0.5% on Thursday. Shares of The Estée Lauder Companies Inc.

https://www.benzinga.com/news/24/10/41653507/est-e-lauder-robinhood-ebay-and-other-big-stocks-moving-lower-in-thursdays-pre-market-session

EBAY Q3 Earnings and Revenues Beat Estimates, Increase Y/Y

EBAY's third-quarter 2024 results reflect a year-over-year increase in revenues and earnings, driven by Focus Categories and geo-specific investments.

https://www.zacks.com/stock/news/2361573/ebay-q3-earnings-and-revenues-beat-estimates-increase-yy

Why eBay ( EBAY ) is Poised to Beat Earnings Estimates Again

eBay (EBAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2358876/why-ebay-ebay-is-poised-to-beat-earnings-estimates-again

Seeking Clues to eBay ( EBAY ) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Get a deeper insight into the potential performance of eBay (EBAY) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

https://www.zacks.com/stock/news/2358441/seeking-clues-to-ebay-ebay-q3-earnings-a-peek-into-wall-street-projections-for-key-metrics

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eBay Inc. Price History

31.09.2024 - EBAY Stock was down 7.6%

• eBay's (EBAY) stock faced significant bearish movement today.
• Despite anticipated positive earnings results, the market sentiment towards eBay turned negative, causing a decline in its stock value.
• The overall market displayed a bearish trend, with U.S. stock futures decreasing, including a drop of about 0.5% in the Dow futures.
• Concerns regarding broader market conditions and potential economic uncertainties might have contributed to the bearish movement of eBay's stock, even with optimistic earnings outlook.

31.09.2024 - EBAY Stock was down 8.5%

• eBay saw a decline in its stock value following weaker-than-anticipated Q4 revenue guidance, despite outperforming earnings expectations. This disparity in revenue and earnings projections likely unsettled investors.
• The market displayed a negative response to eBay's third-quarter revenue growth of 3% year over year falling short of predictions. This revenue miss potentially contributed to the stock's bearish performance.
• Despite positive Q3 results showing revenue and earnings growth, eBay's future revenue guidance for Q4 and fiscal year 2024 below estimates may have unsettled investors, driving the stock's downward trajectory.
• While eBay boasted a strong track record of earnings and favorable quarterly outcomes, the market's reaction to the disappointing revenue forecast underscored the significant impact of revenue projections on stock movements.

13.01.2024 - EBAY Stock was down 5.2%

• Today, eBay's stock experienced a downward trend, which can be linked to the ongoing restructuring initiatives within the technology industry. Notably, many tech giants, including eBay, Microsoft, PayPal, and Alphabet, have been optimizing their workforces by reducing staff numbers to prioritize the development of generative artificial intelligence (AI). This strategic move reflects a dedication to managing costs effectively while investing in cutting-edge technologies. Consequently, market reactions may suggest concerns regarding potential disruptions to eBay's operations and future growth opportunities.

28.01.2024 - EBAY Stock was up 8.4%

• eBay (EBAY) saw a significant uptick in its stock price after the release of its Q4 earnings results.
• The company exceeded sales and earnings expectations for the fourth quarter, prompting a surge in its stock value.
• Following the earnings announcement, analysts raised their price targets for eBay. Benchmark and BMO highlighted a positive outlook and cost reductions as reasons for the upward revisions.
• Strong performance in eBay's advertising division, coupled with favorable analyst feedback, boosted investor confidence in the company's trajectory and future potential.

28.01.2024 - EBAY Stock was up 7.8%

• eBay stock had a bullish movement with an upgrade to a buy rating and a raised price target to $55.
• Higher-than-expected sales and earnings for the fourth quarter boosted the positive sentiment, leading to a surge in premarket trading.
• Despite a hold rating from Stifel with a price target of $45, the market sentiment remains optimistic, driving the stock price up.
• The focus on eBay's positive Q4 earnings and outlook, combined with excitement around the earnings season, likely contributed to the stock's bullish movement today.

14.01.2024 - EBAY Stock was down 5.3%

• The bearish movement in EBAY's stock today could be attributed to the broader trend of tech companies restructuring their workforces to focus on AI investment.
• Recent layoffs at a grocery delivery service may have had a negative impact on investor sentiment, potentially affecting the stock performance of related companies like EBAY.
• Concerns about the availability of spy cameras on e-commerce platforms have been raised and may have affected the perception of these platforms among investors.
• The overall market sentiment of tech companies cutting jobs in the pursuit of AI investment could have created a bearish sentiment for EBAY and other similar companies.

29.01.2024 - EBAY Stock was up 7.8%

• eBay posted modest revenue growth despite economic headwinds, showcasing resilience in challenging times.
• The stock was upgraded to a buy rating with a raised price target of $55, indicating increased confidence in its future performance.
• Stifel maintained eBay's hold rating with a price target of $45, suggesting a more conservative outlook compared to the bullish upgrade.
• The overall positive sentiment towards eBay could be attributed to the optimistic revenue growth, the upgraded buy rating, and the market's confidence in the company's ability to navigate economic challenges successfully.

28.01.2024 - EBAY Stock was up 7.9%

• eBay's stock demonstrated robust bullish momentum throughout the day.
• Stifel upholds a hold rating for eBay with a target price of $45, representing a neutral viewpoint on the stock.
• The optimistic Q4 earnings results from eBay, surpassing sales and earnings forecasts, bolstered the favorable market sentiment.
• The company's advertising segment's robust performance as highlighted in its Q4 earnings significantly influenced the stock's positive trajectory.

28.01.2024 - EBAY Stock was up 7.6%

• eBay's stock price target was raised by Benchmark and BMO Capital Markets, indicating a positive outlook and confidence in the company's performance.
• Despite macroeconomic challenges, eBay surpassed Q4 earnings estimates and announced a dividend increase, showcasing strong financial performance.
• Investor optimism in eBay's strategic initiatives was reflected in the market's positive response to news of cost reductions and focus on Gross Merchandise Volume growth.
• The bullish movement in eBay's stock is supported by favorable analyst recommendations, strong financial results, and cost-saving measures driving investor confidence in the company's future prospects.

22.10.2023 - EBAY Stock was up 5.5%

• The bullish movement in EBAY's stock today can be attributed to the following factors:
• 1. Sale of Stake in Adevinta: EBAY announced that it would sell half of its stake in Adevinta, a Norway-based online classified advertising company, for about $2.2 billion. This deal is seen as a positive move for EBAY, as it allows the company to monetize its investment and potentially generate additional value.
• 2. Equity Stake in Adevinta: As part of the deal, EBAY will exchange the remaining shares for an equity stake of approximately 20% in Adevinta once it goes private. This provides EBAY with an opportunity to participate in the future growth and success of Adevinta.
• 3. Market Confidence: The offer made by private equity firms Permira and Blackstone to buy all outstanding ordinary Class A shares in Adevinta for $13 billion reflects market confidence in the potential of the online classifieds business. This positive sentiment may have spilled over to EBAY, contributing to the bullish movement in its stock.
• 4. Overall E-commerce Market Growth: The ongoing growth of the e-commerce market, driven by the increasing adoption of online shopping, has also likely played a role in the bullish movement of EBAY's stock. As more consumers turn to online platforms for their shopping needs, companies like EBAY stand to benefit from this trend.
• In conclusion, the bullish movement in EBAY's stock today can be attributed to the sale of its stake in Adevinta, the opportunity to hold an equity stake in Adevinta, market confidence in the online classifieds business, and the overall growth of the e-commerce market.

29.04.2024 - EBAY Stock was down 5.4%

• The negative sentiment towards the quality of products sold on eBay compared to other marketplaces like Amazon could have contributed to the bearish movement.
• The FBI investigation into stolen treasures suspected of being sold on eBay might have raised concerns among investors, leading to a decrease in eBay's stock price.
• The news of Wayfair expanding its offline footprint and improving its presence in the home goods market could have diverted investor attention away from eBay, impacting its stock negatively.
• Overall, the combination of distrust in product quality and the FBI investigation likely weighed on eBay's stock performance today.

01.07.2024 - EBAY Stock was up 3.9%

• Solid Q2 results were reported by eBay, with revenue reaching $2.6 billion, surpassing consensus estimates despite economic uncertainty.
• BMO raised the stock target for eBay based on growth optimism, signaling positive sentiment and potential future growth prospects.
• The company's emphasis on key metrics and new AI capabilities driving innovation likely played a role in the positive market movement.
• The sale of Adevinta shares for a significant amount of cash and shares of a newly privatised entity may have boosted investor confidence in eBay's financial position and strategic decisions.