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eBay Inc. (NASDAQ:EBAY), Amazon.com, Inc. (NASDAQ:AMZN) – 3 Analyst Takes On eBay After ‘Big Improvement’ In Q1

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Online e-commerce platform eBay Inc (NASDAQ: EBAY) reported first-quarter results Wednesday that were highlighted by a lift in gross merchandise value due to the coronavirus pandemic. 

Here’s how three Street analysts reacted to the print. 

The eBay Analysts

Morgan Stanley Brian Nowak maintained an Equal-weight rating on eBay’s stock with a price target lifted from $35 to $38.

BofA Securities Justin Post maintained at Neutral, price target lifted from $42 to $44.

KeyBanc Capital Markets analyst Edward Yruma maintained at Overweight, unchanged $47 price target.

Morgan Stanley: eBay Growth Accelerating 

Gross merchandise volume rose in the first quarter and accelerated in April to 20% on a year-over-year basis, Nowak said in a Thursday note. 

Encouragingly, the acceleration expanded from categories that cater to at-home living to “virtually all categories,” the analyst said. 

Yet eBay could be benefiting from near-term tailwinds that may not sustain over time, he said. Some of

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