Morgan Stanley analyst Nathan Feather maintains $Etsy Inc (ETSY.US)$ with a sell rating, and maintains the target price at $47.
According to TipRanks data, the analyst has a success rate of 80.0% and a total average return of 16.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Etsy Inc (ETSY.US)$'s main analysts recently are as follows:
The company experienced a shortfall in gross merchandise sales, though it surpassed expectations in revenue and EBITDA due to a notable improvement in take rate. Efforts are being made to enhance assortment, search, and the overall consumer experience. However, it's anticipated that the headwinds affecting merchandise sales will continue until there is a stabilization in discretionary demand.
Etsy's recent financial results presented a contrast, with gross merchandise sales growth falling short of expectations, counterbalanced by improved take rates and margins. Analysts highlight the company's struggle amidst a tough discretionary consumer goods market, which is exacerbated by its lack of participation in significant discounting events that appeal to consumers.
Etsy's third-quarter Gross Merchandise Sales fell short of expectations, yet the forecast for the fourth quarter was somewhat more optimistic than anticipated. Initiatives related to search and the app are seen as initial moves towards a strategic realignment, although it is suggested that additional efforts are necessary to achieve a resurgence in growth.
Note:
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