On Nov 01, major Wall Street analysts update their ratings for $Etsy Inc (ETSY.US)$, with price targets ranging from $44 to $65.
Morgan Stanley analyst Nathan Feather maintains with a sell rating, and adjusts the target price from $50 to $47.
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 maintains the target price at $55.
Wells Fargo analyst Ken Gawrelski maintains with a sell rating, and adjusts the target price from $47 to $44.
Evercore analyst Jian Li maintains with a buy rating, and adjusts the target price from $80 to $65.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
The company experienced a gross merchandise sales shortfall, however, it offset this with higher revenue and EBITDA as a result of improved take rates, according to an analyst. The efforts to enhance assortment, search, and the overall consumer experience are in progress, although it is anticipated that headwinds in merchandise sales will continue until there is a stabilization in discretionary demand.
Etsy's recent performance has been a blend of outcomes, with gross merchandise sales growth not meeting expectations, yet this was somewhat counterbalanced by improved take rates and margins. The company continues to face a difficult macro environment for consumer discretionary goods, further compounded by its lack of participation in significant discounting events that are appealing to consumers.
Etsy's Q3 Gross Merchandise Sales were below expectations; however, the outlook for Q4 was more favorable than anticipated. Initiatives in search and app enhancements are viewed as initial measures in a strategic realignment, yet further efforts are anticipated to be necessary to achieve renewed growth.
The company reported robust revenue and adjusted EBITDA figures, despite a somewhat weaker performance in Gross Merchandise Sales. The management cited several challenges faced during the quarter, including Hurricane Helene, significant sports events, elections in the UK and France, and the distraction caused by the U.S. election.
Here are the latest investment ratings and price targets for $Etsy Inc (ETSY.US)$ from 14 analysts:
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.
美东时间11月1日，多家华尔街大行更新了$Etsy Inc (ETSY.US)$的评级，目标价介于44美元至65美元。
摩根士丹利分析师Nathan Feather维持卖出评级，并将目标价从50美元下调至47美元。
花旗分析师Ygal Arounian维持持有评级，并将目标价从65美元下调至54美元。
巴克莱银行分析师Trevor Young维持持有评级，维持目标价55美元。
富国集团分析师Ken Gawrelski维持卖出评级，并将目标价从47美元下调至44美元。
Evercore分析师Jian Li维持买入评级，并将目标价从80美元下调至65美元。
此外，综合报道，$Etsy Inc (ETSY.US)$近期主要分析师观点如下：
公司遭遇了商品销售毛利的不足，然而通过提高营业收入和 EBITDA 来抵消这一差距，这是由于提高了成交率，一位分析师分析。尽管努力提升产品种类、搜索和整体消费者体验正在进行中，但预计在商品销售出现稳定前，将持续面临商品销售的逆风。
Etsy 最近的表现是一系列结果的结合，商品销售增长没有达到预期，但这在一定程度上被提高的成交率和利润率所抵消。该公司继续面临着消费者非必需品的宏观环境严峻，其进一步加剧了与消费者有吸引力的重大折扣活动参与不足所产生的困难。
Etsy 第三季度的商品销售未达预期；然而，第四季度的前景比预期更有利。在搜索和应用增强方面的举措被视为战略调整的初步举措，然而预计需要进一步努力以实现再次增长。
公司报告了强劲的营业收入和调整后的 EBITDA 数字，尽管商品销售在表现上稍弱。管理层在季度中遇到了几项挑战，包括 Hurricane Helene、重大体育赛事、英法的选举以及美国大选带来的干扰。
以下为今日14位分析师对$Etsy Inc (ETSY.US)$的最新投资评级及目标价：
提示:
TipRanks为独立第三方，提供金融分析师的分析数据，并计算分析师推荐的平均回报率和胜率。提供的信息并非投资建议，仅供参考。本文不对评级数据和报告的完整性与准确性做出认可、声明或保证。
TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。
总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
