Etsy, Inc. Reports Second Quarter 2024 Results
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Etsy (ETSY) PT Lowered to $64 at Stifel
August 1, 2024 5:13 AM EDTStifel analyst Mark Kelly lowered the price target on Etsy (NASDAQ: ETSY) to $64.00 (from $65.00) while maintaining a Hold rating.
The analyst comments "Etsy reported a solid 2Q (beat GMS, revs, & EBITDA) and delivered a mixed guide for 3Q (GMS roughly in-line; EBITDA margins... More
BTIG Reiterates Buy Rating on Etsy (ETSY)
August 1, 2024 4:58 AM EDTBTIG analyst Marvin Fong reiterated a Buy rating and $78.00 price target on Etsy (NASDAQ: ETSY).
The analyst comments "We view ETSY's quarterly report as "holding serve" with better-than-expected 2Q results and a GMS guidance that was largely in line with expectations. With shares up 10% in the past month, we think these results are good enough for ETSY shares to maintain their recent gains. GMS guidance marks a nice change of pace as ETSY has more frequently than not been guiding the forward quarter below Street expectations. Specifically, ETSY expects 3Q24... More
