eBay Inc. (EBAY) Touches New High on Strong Q2, Outlook

We recently published 10 Stocks With Surprising Gains. Time to Sell? eBay Inc. (NASDAQ:EBAY) is one of the companies that stood stronger last week.

Ecommerce platform eBay Inc. (NASDAQ:EBAY) jumped by 12.66 percent week-on-week to hit a new all-time high as investor sentiment was boosted by an impressive earnings performance and an optimistic growth outlook for the rest of the year.

During the week, the company touched its highest 52-week price of $92.79 after reporting a 64 percent growth in its net income in the second quarter, at $368 million versus $224 million in the same period last year. Revenues jumped by 6 percent to $2.73 billion from $2.57 billion year-on-year.

Following the results, eBay Inc. (NASDAQ:EBAY) raised its growth outlook for the third quarter of the year to a range of $2.69 billion and $2.74 billion, or an increase of 4 to 6 percent from the $2.576 billion actual revenue in the third quarter of 2024.

Diluted earnings per share was also pegged at $0.97 to $1.02, lower than the $1.29 posted in the third quarter of 2024.

On September 12, all shareholders of eBay Inc. (NASDAQ:EBAY) common shares as of August 29 record are expected to receive $0.29 worth of cash dividends.

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.