On Oct 31, major Wall Street analysts update their ratings for $Etsy Inc (ETSY.US)$, with price targets ranging from $45 to $105.
Citi analyst Ygal Arounian maintains with a hold rating, and adjusts the target price from $65 to $54.
Barclays analyst Trevor Young maintains with a hold rating, and adjusts the target price from $60 to $55.
Loop Capital analyst Laura Champine maintains with a sell rating, and maintains the target price at $45.
Needham analyst Bernie McTernan maintains with a buy rating, and maintains the target price at $60.
KeyBanc analyst Ashley Owens maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
The company experienced a shortfall in gross merchandise sales, although it surpassed expectations in revenue and EBITDA due to improved take rate expansion. Efforts are being made to enhance assortment, search functionality, and the overall consumer experience. Nevertheless, it is anticipated that headwinds in merchandise sales will continue until there is a stabilization in discretionary demand.
Etsy's recent performance revealed a mixed outcome, with gross merchandise sales growth falling short of expectations, counterbalanced by improved take rates and margins. The company continues to face a tough discretionary consumer goods environment without the benefit of participating in significant discounting events that are currently appealing to shoppers.
Etsy's recent performance showcased strong revenue and adjusted EBITDA, albeit with Gross Merchandise Sales that didn't quite meet expectations. The company also acknowledged several challenges faced during the quarter, which included Hurricane Helene, significant sports events, and elections in the UK and France, as well as the distraction posed by the U.S. election.
Here are the latest investment ratings and price targets for $Etsy Inc (ETSY.US)$ from 9 analysts:
Note:
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