BofA Securities analyst Curtis Nagle maintains $Etsy Inc (ETSY.US)$ with a hold rating, and adjusts the target price from $61 to $58.
According to TipRanks data, the analyst has a success rate of 47.7% and a total average return of -2.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
Anticipating Etsy's financial report on October 30, expectations have been moderated due to softer demand observed into October. Projections for Q3 Gross Merchandise Sales, revenue, and EBITDA have been slightly adjusted, indicating a modest decline.
While Etsy has encountered the same macroeconomic headwinds affecting consumer spending on goods, its enhancements in search and discovery capabilities position it favorably for growth based on the consumer wallet share increases experienced since the pandemic. The analyst believes Etsy is poised to capitalize on machine learning and its marketplace scale for further improvement.
Note:
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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.
美银证券分析师Curtis Nagle维持$Etsy Inc (ETSY.US)$持有评级，并将目标价从61美元下调至58美元。
根据TipRanks数据显示，该分析师近一年总胜率为47.7%，总平均回报率为-2.0%。
此外，综合报道，$Etsy Inc (ETSY.US)$近期主要分析师观点如下：
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