From Yahoo Finance: 2025-03-24 13:27:00

E-commerce giant eBay Inc (NASDAQ:EBAY) has been trading choppily since reaching a three-year peak of $71.61 on Feb. 26, currently consolidating around $65. Analysts predict the shares could soon push above that high based on historical trends.

According to Schaeffer’s Senior Quantitative Analyst Rocky White, EBAY recently pulled back to its 126-day moving average, a significant level representing six months of trading. The stock is within 0.75 of the trendline’s average true range for the first time in at least eight of the past 10 trading days.

Despite a 6.9% year-to-date lead and recent highs, the majority of analysts covering EBAY are bearish. Out of 30 analysts, 20 maintain a “hold” or worse rating on the stock. This leaves room for potential upgrades that could provide positive momentum for the company.

Read more: eBay Stock Could Soon Hit 3-Year Highs