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分析师Jian Li维持$Etsy Inc (ETSY.US)$买入评级，并将目标价从80美元下调至65美元。
根据TipRanks数据显示，该分析师近一年总胜率为50.0%，总平均回报率为6.7%。
此外，综合报道，$Etsy Inc (ETSY.US)$近期主要分析师观点如下：
Etsy经历了一次总商品销售营收不足，尽管由于提高收费扩展而在营业收入和EBITDA方面超出预期。公司正在进行多项调整，以提升其产品系列、搜索功能和整体消费体验。尽管有这些努力，预计商品销售挑战将持续，直到自发需求稳定。
Etsy最近的表现呈现出参差不齐的结果，其总商品销售增长未达预期，但得益于收费率和利润率的改善。该公司继续应对困难的自由消费品市场，进一步受其不参与吸引消费者的重要折扣活动的影响。
公司发布了强劲的营业收入和调整后的EBITDA数据，尽管总商品销售略低于预期。管理层指出了本季度面临的几个挑战，例如飓风赫莲、重大体育赛事、英国和法国的选举，以及美国选举带来的干扰。
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