Post Content
We recently published 10 Stocks Quietly Climbing Toward 2026. eBay Inc. (NASDAQ:EBAY) is one of the best performers on Monday.
Shares of eBay surged to a fourth straight day on Monday, adding 2.97 percent to close at $87.74 apiece, as investors placed bets on strong growth in the retail sector amid an expected spike in consumer spending during the holiday season.
eBay Inc. (NASDAQ:EBAY) rallied alongside its internet retail counterparts, namely Etsy Inc., Global-E Online Ltd., Chewy Inc., Coupang Inc., and MercadoLibre Inc., on expectations that the jump in consumer spending during the holiday would significantly boost their sales volume in the last quarter of the year.
For the fourth quarter alone, eBay Inc. (NASDAQ:EBAY) expects its revenues to hit $2.83 billion to $2.89 billion, or an implied growth of 8 to 10 percent year-on-year.
Meanwhile, it targets revenues for the full-year to end at $10.97 billion to $11.03 billion, or a projected year-on-year growth of 6 percent.
Last quarter, eBay Inc. (NASDAQ:EBAY) posted mixed earnings results, with net income flat at $632 million. Total revenues, on the other hand, jumped by 9 percent to $2.82 billion from $2.58 billion year-on-year, with advertising revenues alone generating $525 million, or 2.6 percent of its gross merchandise value.
While we acknowledge the potential of EBAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.