eBay Inc (NASDAQ:EBAY)‘s stock hasn’t made money for its investors since nearly a decade. The stock made a high, breaking the $58 level in late 2004 and since then has been able to trade above it only once, in late February of this year. The stock now hovers around $53 and the general consensus price target among analysts is $59.02, according to Analyst Ratings Network. Earlier this year, analysts from Stifel Nicolaus had downgraded eBay Inc (NASDAQ:EBAY)’s stock from ‘Buy’ to ‘Hold’, while they continue with the ‘Hold’ rating, they have initiated coverage on the stock since yesterday with a price target of $57.
On Tuesday, analysts from Zacks reiterated their ‘Neutral’ rating on eBay Inc (NASDAQ:EBAY)’s stock, with a price target of $57. Analysts at TheStreet are generally positive on the stock as they gave eBay Inc (NASDAQ:EBAY)’s stock a ‘Buy’ rating on July 18, while on the same day analysts from Goldman Sachs lowered their price target on eBay Inc (NASDAQ:EBAY)’s stock from $64 to $61. If analyst ratings from credible firms for the last two years are accounted for eBay Inc (NASDAQ:EBAY)’s stock, the company currently has 16 ‘Hold’ ratings, 10 ‘Buy’ ratings and two ‘Strong Buy’ ratings.