 Ebay Inc. shares have rallied nearly 15 over the past month, but analysts question whether sales growth the company experienced during COVID-19 lockdowns can last. The SP; 500 index is up 9.6 for the period. The e-commerce retailer announced last Thursday that it would raise its second-quarter guidance based on sales related to the coronavirus pandemic. This solid performance highlights benefits to e-commerce from sheltering-in-place due to COVID, but its unclear how much of it is due to sustainable improvements to the platform, wrote SunTrust Robinson Humphrey analysts. Lack of conviction as to the sustainability of these robust trends post pandemic, and potential headwinds from Amazon regaining its shipping efficiency, offline commerce re-opening, and federal unemployment benefits unwinding keep us on the sidelines. SunTrust rates eBay shares hold with a 50 price target. The acceleration in growth across all major verticals is incrementally positive as it suggests that eBays marketplace is performing well outside of the obvious stay-at-home categories, wrote JPMorgan analysts. EBay seeing a six million increase in new and reactivated buyers in April and May is also positive, but we still believe that converting these buyers into long-term customers will be more important. JPMorgan rates eBay stock neutral with a 52 price target. 