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Morgan Stanley Maintains Etsy Inc(ETSY.US) With Sell Rating, Maintains Target Price $47

Futu News ·  Nov 1 21:31  · Ratings

Morgan Stanley analyst Nathan Feather maintains $Etsy Inc (ETSY.US)$ with a sell rating, and maintains the target price at $47.

According to TipRanks data, the analyst has a success rate of 80.0% and a total average return of 16.6% over the past year.

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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, though it surpassed expectations in revenue and EBITDA due to a notable improvement in take rate. Efforts are being made to enhance assortment, search, and the overall consumer experience. However, it's anticipated that the headwinds affecting merchandise sales will continue until there is a stabilization in discretionary demand.

  • Etsy's recent financial results presented a contrast, with gross merchandise sales growth falling short of expectations, counterbalanced by improved take rates and margins. Analysts highlight the company's struggle amidst a tough discretionary consumer goods market, which is exacerbated by its lack of participation in significant discounting events that appeal to consumers.

  • Etsy's third-quarter Gross Merchandise Sales fell short of expectations, yet the forecast for the fourth quarter was somewhat more optimistic than anticipated. Initiatives related to search and the app are seen as initial moves towards a strategic realignment, although it is suggested that additional efforts are necessary to achieve a resurgence in growth.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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