Updated Aug 17 at 11:16am ET.
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GameStop is reportedly weighing a withdrawal of its 56 billion dollar bid for eBay. The potential deal would have combined the video game retailer with one of the world's largest online marketplaces, but reports now suggest leadership is reconsidering the move.
For eBay owners, this creates a period of uncertainty. A deal at this price would likely value the company higher than its current market price, but if the bid is pulled, the stock may lose any gains that were built on the hope of a buyout. We are watching to see if a formal withdrawal or a revised offer follows these reports.
Source: Reuters
eBay is making a larger push into live shopping after seeing record results from its initial efforts. Live shopping allows sellers to host real-time video broadcasts to showcase and sell products directly to viewers. This move is part of a broader strategy to attract younger shoppers and keep pace with rivals like TikTok Shop and Whatnot.
For a long-term owner, this is a sign that the company is successfully modernizing its platform. By leaning into live video, eBay is trying to move beyond its reputation as a static auction site and become a more interactive destination for the enthusiast categories that drive its growth.
Piper Sandler raised its price target for eBay from $115 to $133, which is about 24 percent higher than the current stock price. This adjustment follows a quarter where the company beat expectations for both revenue and profit.
The higher target reflects confidence in the company's shift toward high-value categories like luxury goods and collectibles. When analysts raise targets this significantly after earnings, it often means they believe the company's strategy is working better or faster than they previously estimated.
Source: Piper Sandler
BMO Capital raised its price target from $130 to $145, suggesting the stock has about 35 percent upside from current levels. This is one of the more optimistic views on the company following its latest financial report.
The firm is likely encouraged by the 15 percent growth in gross merchandise volume, which is the total value of all goods sold on the platform. For a mature marketplace like eBay, sustaining double-digit growth in total sales is a strong signal that its focus on authenticated goods and collectibles is resonating with buyers.
Source: BMO Capital
eBay reported a strong second quarter with revenue of $3.1 billion and earnings per share of $1.60, both topping what analysts expected. Gross merchandise volume, which measures the total value of everything sold on the site, rose 15 percent to $22.4 billion. This growth was driven by the company's focus on "enthusiast" categories like luxury watches and refurbished electronics, where eBay's authentication services help build trust.
The company also raised its full-year outlook, now expecting total sales volume to grow about 12 percent in 2026. Management is continuing to return cash to shareholders, buying back $310 million of its own stock during the quarter. This combination of accelerating growth and aggressive buybacks suggests the company's turnaround is gaining real traction.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Analysts recently issued a flurry of mixed rating and price target updates in early August. About half of the 68 analysts rate the stock a buy, and the average target of $116 suggests a 13% gain from today's price.
The company has beaten expectations for eight straight quarters, usually by a few cents. Management has a clear habit of setting a bar they know they can clear.
| Expectation | |
|---|---|
| EPS | $1.43 |
| Revenue | $3.11B |
