[Edaily Reporter Kim Kani] The stock price of e-commerce platform eBay (EBAY) is falling in the wake of a downgrade by Wall Street analysts.
As of 2:52 p.m. on the 3rd (local time), eBay’s stock is trading at $108.37, down 4.89% from the previous day.
According to CNBC, Wells Fargo downgraded its investment rating on eBay by two notches, from “Buy” to “Sell.” A Wells Fargo analyst cited the recently completed acquisition of the secondhand fashion platform Depop as the reason for the downgrade, noting that it could weaken earnings for fiscal year 2027 and lead to increased marketing costs.
Consequently, the market appears to be reflecting concerns that the cost burden may outweigh the synergies from the acquisition, with selling pressure continuing to drive the stock price lower.
As of 2:52 p.m. on the 3rd (local time), eBay’s stock is trading at $108.37, down 4.89% from the previous day.
According to CNBC, Wells Fargo downgraded its investment rating on eBay by two notches, from “Buy” to “Sell.” A Wells Fargo analyst cited the recently completed acquisition of the secondhand fashion platform Depop as the reason for the downgrade, noting that it could weaken earnings for fiscal year 2027 and lead to increased marketing costs.
Consequently, the market appears to be reflecting concerns that the cost burden may outweigh the synergies from the acquisition, with selling pressure continuing to drive the stock price lower.
