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:
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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：
该公司经历了一次毛利商品销售不足，但通过提高营业收入和EBITDA来抵消这一情况，这是由于改善了接受率，一位分析师称。在努力提升商品种类、搜索和整体消费体验方面已经在进行中，尽管预计在商品销售方面的不利因素将持续，直到自由支配需求稳定下来为止。
Etsy最近的表现是各种因素的综合结果，毛利商品销售增长未达预期，但这在一定程度上得到了改善的接受率和利润的抵消。该公司继续面临着消费者自由支配商品的困难宏观环境，而且受制于其未参与重要折扣活动，这些活动吸引了消费者的兴趣。
Etsy的第三季度毛利商品销售低于预期；然而，第四季度的展望比预期更为有利。在搜索和应用增强方面的举措被视为战略重组的初步措施，但预计需要进一步努力才能实现更新的增长。
尽管毛利商品销售表现略微疲软，该公司报告的营业收入和调整后的EBITDA数据强劲。管理层在季度内遇到了几个挑战，包括飓风海伦、重大体育赛事、英国和法国的选举以及美国大选带来的分心。
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：
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