11 Most Profitable NASDAQ Stocks to Buy Now

9. eBay Inc. (NASDAQ:EBAY)

TTM Net Income as of June 13: $2.04 billion

Forward P/E Ratio as of June 13: 14.51

Number of Hedge Fund Holders: 51

eBay Inc. (NASDAQ:EBAY) is one of the 11 most profitable NASDAQ stocks to buy now. On June 4, JPMorgan analyst Doug Anmuth raised the price target on eBay to $66 from $60, while maintaining a Neutral rating on the shares. This adjustment reflects eBay’s better-than-expected Q1 2o25 earnings.

JPMorgan’s decision to revise its estimates comes from a reevaluation of broader market risks, now seeing lower recession risk, alongside anticipated relief from China tariffs for companies with direct exposure. In Q1, eBay saw its revenue increase by over 1% to $2.58 billion. Gross Merchandise Volume/GMV grew by ~2% to $18.8 billion, which marked the 4th consecutive quarter of positive GMV growth.

First-party advertising revenue also showed strong growth, increasing by 14% to $418 million. eBay generated $644 million in free cash flow and ended the quarter with $6.2 billion in cash and non-equity investments. Despite these positive results, challenges remain. Tariffs and changes to US customs requirements have introduced uncertainty for small businesses and impacted consumer confidence.

eBay Inc. (NASDAQ:EBAY) operates marketplace platforms that connect buyers and sellers in the US, the UK, China, Germany, and internationally.