
Barclays has raised its price target for eBay to $136 from $123, maintaining an 'Overweight' rating. The firm cited market-share gains from new initiatives, particularly live commerce, as a reason for the increased target. This development suggests that eBay is making strides in the e-commerce market, potentially driven by its embrace of social commerce features.
The upgrade in eBay's outlook is significant for social commerce because it indicates that investors are recognizing the potential of live commerce and other social features in driving market share gains. As more platforms integrate live commerce and other social commerce tools, this trend is likely to continue, shaping the future of online shopping and e-commerce.
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