Oppenheimer analyst Jason Helfstein maintains $Etsy Inc (ETSY.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 50.8% and a total average return of 14.8% 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 reported a discrepancy with gross merchandise sales falling short of expectations, whereas revenue and EBITDA surpassed forecasts due to an improved take rate. The company is actively making adjustments to enhance the assortment, search functionality, and the overall consumer experience. Nonetheless, it is anticipated that the headwinds affecting merchandise sales will continue until there is a solidification in discretionary demand.
Etsy's recent performance included gross merchandise sales growth that fell short of expectations, but this was somewhat balanced by improved take rates and margins. The company has not benefitted from the current challenging macro environment for discretionary consumer goods, particularly as it does not participate in the significant discounting events that are appealing to consumers.
Etsy's Q3 Gross Merchandise Sales were underwhelming, yet the Q4 guidance was somewhat more optimistic than anticipated. Initiatives related to search and app improvements are seen as initial moves towards a strategic refocus, although additional efforts are anticipated to be necessary to achieve a return to growth.
Note:
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