eBay Inc (NASDAQ:EBAY) on Wednesday reported upbeat third-quarter financial results.

eBay reported third-quarter revenue of $3.206 billion, up 14% year-over-year. The revenue total beat a Street consensus estimate of $3.114 billion, according to data from Benzinga Pro.

Gross Merchandise Volume was $23.2 billion in the quarter, up 15% year-over-year. The company reported earnings of $1.51 per share, beating a Street consensus estimate of $1.41 per share.

“eBay’s strong third quarter results reflect continued momentum across our business priorities and customer segments as more consumers embrace recommerce,” eBay CEO Jamie Iannone said.

eBay shares gained 6% to $125.00 in pre-market trading.

These analysts made changes to their price targets on eBay following earnings announcement.

• Needham analyst Bernie McTernan maintained the stock with a Buy and raised the price target from $135 to $140.
• Rosenblatt analyst Scott Devitt maintained the stock with a Buy and raised the price target from $132 to $137.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.