#2 - eBay (NASDAQ:EBAY)
Another peer-to-peer e-commerce company that is set to shake off supply chain disruption is eBay (NASDAQ: EBAY). Before “traditional” e-commerce took off, eBay was generating interest from consumers who liked the company’s business model which focused on bidding on new and used merchandise.
ETSY stock has been on a tear in 2021. The stock price growth of 47.4% is more than double the growth of the S&P 500 index. But is such growth likely to continue? If you value the opinion of analysts, it just might. Since the company reported earnings on October 27, six analysts have boosted their price target for the stock. And in each case, the new price target is above the consensus price.
Revenue for the first three quarters of 2021 is only up about 4% from the first three quarters of 2020. However, earnings present a different story. The company’s EPS is already 10% higher than it was through the first three quarters of 2020. And the company is expected to grow EPS at a pace of 13% in 2022.
About eBay
eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.
Read More - Current Price
- $51.34
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $49.21 (4.1% Downside)
