eBay stock forecast: Why You Should Go Long On eBay

motek 1The 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

Why You Should Go Long On eBay

Summary:
  • The decision to gradually drop PayPal as its main payments processor is a great reason to go long on eBay.
  • However, I want to discuss two more compelling reasons why EBAY is a buy right now.
  • First is eBay’s new Always Open initiative for small and medium brick and mortar retailers. This platform will help eBay recruit more retailers to its online marketplace.
  • The more important second reason is eBay’s new interest in Artificial Intelligence. Online shopping can benefit from smarter product search and recommendations.
  • EBAY touts positive near and long-term algorithmic forecasts. Its technical indicators are also bullish.
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