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GameStop raised its stake in eBay to nearly 10% (about 43.4 million shares) after eBay’s board rejected its roughly $55.5 billion takeover offer of $125 per share as “neither credible nor attractive.”
The move signals the gaming company’s ongoing interest in taking over the online auction and shopping site.
One firm is doubling down on its bull case for the online marketplace. Citi analyst Ronald Josey raised his price target on eBay (NASDAQ:EBAY) stock to $127 from $114, maintaining a Buy rating. The price target raise reflects what Citi describes as improving operational execution and continued momentum across the company’s targeted growth categories. For ... Citi Hikes eBay Price Target to $127: Better Execution Drives Q1 Beat
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