5 Stocks Losing Value Following Analyst Ratings Downgrades

3. eBay Inc. (NASDAQ:EBAY)

Number of Hedge Fund Holders: 44

Shares of eBay Inc. (NASDAQ:EBAY) fell nearly four percent on Tuesday, June 28, 2022, after UBS lowered its ratings for the e-commerce company from “Buy” to “Neutral.” The research firm also cut its price target for eBay Inc. (NASDAQ:EBAY) from $60 per share to $40 per share.

UBS analyst Kunal Madhukar thinks that the gross merchandise value (GMV) of eBay Inc. (NASDAQ:EBAY) for fiscal 2022 will decrease nearly 17 percent on a year-over-year basis, wider than the Street estimate for a drop of 15 percent.