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eBay reported robust Q1 results with revenue increasing 19% to $3.1 billion, achieving a new all-time quarterly record for Gross Merchandise Volume (GMV). On an FX-neutral basis, GMV growth reached 14%, representing a significant acceleration compared to the previous quarter. These results were bolstered by record-breaking sales at eBay's auction house, Goldin, though shares fluctuated following Q2 guidance that trailed analyst estimates. The update follows UBS raising its price target for EBAY to $110 while maintaining a Neutral rating. Analysts are now monitoring whether the company's record-breaking operational momentum can offset its cautious outlook for the next quarter.
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