For eBay, The Tariffs Giveth, The Tariffs Taketh

  • I rate eBay a buy due to strong fundamentals, high profit margins, and a reasonable PE ratio compared to peers. Tariffs and inflation are likely to increase demand for second-hand goods, positioning eBay to benefit from shifting consumer habits. eBay's unique role as a value retailer and its refurbished program add customer value and support the investment thesis.