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BUZZ-Bernstein downgrades eBay on tariff concerns and softening e-commerce environment

Reuters
2025/04/23
BUZZ-Bernstein downgrades <a href="https://laohu8.com/S/EBAY">eBay</a> on tariff concerns and softening e-commerce environment

** Brokerage Bernstein downgrades e-commerce firm eBay EBAY.O to "market perform" from "outperform," trims PT to $65 from $70

** PT implies a 3.3% downside to the stock's last close

** The operating environment for e-commerce has changed, with softer data and tariffs exacerbating risks, says brokerage

** Brokerage concerned about the impact of tariffs on eBay's business and is taking a "wait and see" approach, particularly with regard to China-sourced inventory

** Including session's moves, EBAY stock up 8.5% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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