eBay rises as Morgan Stanley names it top pick

By Reuters News

** E-commerce company eBay EBAY.O shares jump 4.2% to $116.95

** Morgan Stanley names co a top pick in the US internet sector, with an overweight rating

** Brokerage also raises EBAY's price target to $132 from $127

** Expects live shopping to support sustained sales growth and higher profits through 2030

** Raises its 2026-2030 GMV (Gross Merchandise Value) growth forecast to 6.5% from 5.8%, above its previous estimate

** 12 of 33 brokerages rate the stock "buy" or higher, 19 "hold", and 2 "sell"; median PT $115 — data compiled by LSEG

** Stock trading at 17.08 times expected EPS over the next 12 months, well above industry median of 11.81

** Including session's move, EBAY up 34.45% YTD

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