Barclays analyst Trevor Young maintains $Etsy Inc (ETSY.US)$ with a hold rating, and maintains the target price at $55.
According to TipRanks data, the analyst has a success rate of 55.6% and a total average return of 0.8% 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's recent financial results revealed a shortfall in gross merchandise sales, yet the company outperformed in revenue and EBITDA due to notable take rate expansion. The company is implementing numerous modifications to refine its product assortment, search capability, and the overall consumer experience. Nevertheless, it is anticipated that the headwinds affecting merchandise sales will continue until there is a stabilization in discretionary consumer demand.
Etsy's recent performance presented a mixed picture, with gross merchandise sales growth not meeting expectations, though this was somewhat balanced by improved take rates and margins. The company continues to face a tough discretionary consumer goods market without the benefit of participating in significant discounting events that appeal to shoppers.
Etsy's Q3 Gross Merchandise Sales were underwhelming; however, the Q4 outlook was somewhat more positive than anticipated. Initiatives in search and app development are seen as preliminary measures towards a fundamental improvement, yet it is anticipated that additional efforts will be necessary to achieve renewed growth.
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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