Evercore analyst Jian Li maintains $Etsy Inc (ETSY.US)$ with a buy rating, and adjusts the target price from $80 to $65.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
Etsy has experienced a gross merchandise sales shortfall, although it exceeded expectations in terms of revenue and EBITDA due to improved take rate expansion. The company is undertaking numerous adjustments to enhance its assortment, search functionality, and the overall consumer experience. Despite these efforts, it is anticipated that merchandise sales challenges will continue until there is a stabilization in discretionary demand.
Etsy's recent performance exhibited mixed results, with its gross merchandise sales growth falling short of expectations, balanced by improved take rates and margins. The company continues to grapple with a difficult discretionary consumer goods market, further compounded by its lack of participation in significant discounting events that attract consumers.
The company posted robust revenue and adjusted EBITDA figures, albeit with Gross Merchandise Sales that fell marginally short of expectations. Management pointed out several challenges faced during the quarter, such as Hurricane Helene, significant sports events, elections in the UK and France, and the distraction posed by the U.S. election.
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.
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Evercore分析師Jian Li維持$Etsy Inc (ETSY.US)$買入評級,並將目標價從80美元下調至65美元。
根據TipRanks數據顯示,該分析師近一年總勝率為50.0%,總平均回報率為6.7%。
此外,綜合報道,$Etsy Inc (ETSY.US)$近期主要分析師觀點如下:
Etsy的總商品銷售額出現了短缺,儘管在營業收入和EBITDA方面超出預期,這是由於提高了抽成率。該公司正在進行多項調整,以提升其種類、搜索功能和整體消費者體驗。儘管有這些努力,預計商品銷售挑戰將持續,直到自由支出需求穩定下來。
Etsy最近的表現呈現出不同的結果,總商品銷售增長未達預期,但抽成率和利潤率有所改善。該公司繼續應對困難的自由支出型消費品市場,進一步受益於其未參與吸引消費者的重大折扣活動。
該公司公佈了強勁的營業收入和調整後的EBITDA數據,儘管總商品銷售略低於預期。管理層指出了本季度面臨的幾個挑戰,例如海倫颶風、重大體育賽事、英國和法國的選舉,以及美國大選帶來的干擾。
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