Stifel analyst Mark Kelley maintains $Etsy Inc (ETSY.US)$ with a hold rating, and adjusts the target price from $65 to $56.
According to TipRanks data, the analyst has a success rate of 72.0% and a total average return of 31.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
The firm has revised its estimates for Etsy, anticipating a softer demand trend leading into October. This reassessment includes expectations of a slight decrease in Q3 Gross Merchandise Sales (GMS), revenue, and EBITDA.
Available data indicates that e-commerce growth in the third quarter was comparable or slightly improved compared to the second quarter, as observed within the internet e-commerce and subscriptions sector.
Note:
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