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One Reason Why eBay Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of eBay (EBAY) are rising 1.21% to $25.16 early Tuesday afternoon as Robert W. Baird reiterated an "outperform" rating and $30 price target on the stock.

The firm's monthly tracker showed eBay's volume growth in the low to mid-single digits year-over-year through June, Barron's noted.

While issues related to the U.K.'s exit from the European Union may hurt margins, Baird continues to see material upside for the stock once volume growth starts to accelerate.

The firm noted this isn't likely until later in...