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EBAY Stock Price: Why eBay Deserves A Price Target of $70

July 22, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

I reiterate the April 25, 2019 buy recommendation I made for eBay’s stock. The stock is now trading well above that day’s closing price of $38.52.
The recent sale of its Classifieds advertising unit should help EBAY deliver my 1-year price target of $70. The 52-week high of EBAY is only $61.06.
I’m highly confident that the rising cases of COVID-19 infections will strengthen the tailwind for e-commerce sites like eBay. Online shopping is greatly boosted during pandemics.
Many people who lost jobs due to pandemic-induced lay-offs are selling their possessions on eBay. This should boost eBay’s 2020 revenue.
The predictive AI of I Know First has a bullish one-year forecast for eBay’s stock. We should take I Know First’s advice.

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July 9, 2020

The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.

eBay stock price increased by 59.31% in the past 6 months, benefitting from the global pandemic.
The online retail market size is expected to grow to $6.5 trillion in 2023 and eBay rises as the second most popular company in the industry.
eBay is currently undervalued and I have a 1-year target price of $75.