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EBay Stock Surges as Morgan Stanley Names It ‘Top Pick’
Shares of eBay have added a third of their value this year.Credit: Alexander Bogatyrev / SOPA Images / LightRocket via Getty ImagesKey TakeawayseBay shares rose after Morgan Stanley analysts named the stock a top pick.Morgan Stanley raised its price target to an above-mean $132 and maintained an overweight rating.Morgan Stanley named eBay stock a “top pick” and lifted its price target on the stock. Investors have taken note.Shares of eBay (EBAY) are surging about 4% Monday, ranking among the top S&P 500 gainers, after Morgan Stanley analysts raised their price target to $132 from $127, above…
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