eBay (EBAY) Climbs 3% on Holiday Boost

We recently published 10 Stocks Quietly Climbing Toward 2026. eBay Inc. (NASDAQ:EBAY) is one of the best performers on Monday.

Shares of eBay surged to a fourth straight day on Monday, adding 2.97 percent to close at $87.74 apiece, as investors placed bets on strong growth in the retail sector amid an expected spike in consumer spending during the holiday season.

eBay Inc. (NASDAQ:EBAY) rallied alongside its internet retail counterparts, namely Etsy Inc., Global-E Online Ltd., Chewy Inc., Coupang Inc., and MercadoLibre Inc., on expectations that the jump in consumer spending during the holiday would significantly boost their sales volume in the last quarter of the year.

For the fourth quarter alone, eBay Inc. (NASDAQ:EBAY) expects its revenues to hit $2.83 billion to $2.89 billion, or an implied growth of 8 to 10 percent year-on-year.

Meanwhile, it targets revenues for the full-year to end at $10.97 billion to $11.03 billion, or a projected year-on-year growth of 6 percent.

eBay (EBAY) Climbs 3% on Holiday Boost

Last quarter, eBay Inc. (NASDAQ:EBAY) posted mixed earnings results, with net income flat at $632 million. Total revenues, on the other hand, jumped by 9 percent to $2.82 billion from $2.58 billion year-on-year, with advertising revenues alone generating $525 million, or 2.6 percent of its gross merchandise value.

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Disclosure: None. This article is originally published at Insider Monkey.