12 Undervalued Cyclical Stocks to Buy Right Now

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7. eBay Inc. (NASDAQ:EBAY)

Forward P/E Ratio: 13.81

Earnings Growth: 12.14%

Number of Hedge Fund Holders: 43

eBay Inc. (NASDAQ:EBAY) is an international e-commerce company that runs an online marketplace. It is one of the pioneers in the e-commerce industry and operates in more than 200 countries.

Management has been focused on growing the advertisement revenue and improving the payment system. To achieve this the company has also incorporated AI into its platform with features such as magical listing and personalized recommendations. eBay Inc. (NASDAQ:EBAY) has also announced a significant collaboration with OpenAI to integrate an AI agent named Operator into its e-commerce platform. The Operator platform will act as a virtual assistant capable of autonomously performing tasks across the internet, such as online shopping and directing users to eBay for unique inventory finds.

During the fiscal third quarter of 2024, the company grew its revenue by 4% year-over-year to reach $2.6 billion. The growth was driven by its strong performance in the advertisement segment which grew 15% during the same time. eBay Inc. (NASDAQ:EBAY) is one of the 12 undervalued cyclical stocks to buy right now.

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