Etsy (ETSY) Misses Q3 EPS by 8c
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October 31, 2024 7:44 AM EDT
Goldman Sachs analyst Eric Sheridan raised the price target on Etsy (NASDAQ: ETSY) to $47.00 (from $45.00) while maintaining a Sell rating.
The analyst comments "In its Q324 earnings report, ETSY highlighted the following key themes: 1) Q3 GMS declined -4% YoY driven by worsening trends in... More
October 31, 2024 5:40 AM EDT
Citi analyst Nicholas Jones lowered the price target on Etsy (NASDAQ: ETSY) to $54.00 (from $65.00) while maintaining a Neutral rating.
The analyst comments "Etsy delivered a mixed print with GMS growth below expectations, offset by better take rates and margins. Etsy has gotten no... More
October 31, 2024 5:37 AM EDT
BTIG analyst Marvin Fong lowered the price target on Etsy (NASDAQ: ETSY) to $65.00 (from $78.00) while maintaining a Buy rating.
The analyst comments "WHAT YOU SHOULD KNOW: ETSY delivered solid revenue and Adjusted EBITDA on slightly worse-than-expected GMS. Specifically, revenue came in at $662.4MM (Street $652.5MM) while Adjusted EBITDA came in at $183.6MM (Street $177.4MM). The 27.7% Adjusted EBITDA margin was ahead of guidance for ~27%. GMS was $2.92B, a (4.1%) y/y decline and (4.4%) in constant currency. The Street was looking for $2.97B, or a ~(2%) y/y decline. Looking just at the core Etsy marketplace,... More
October 31, 2024 5:31 AM EDT
Barclays analyst Trevor Young lowered the price target on Etsy (NASDAQ: ETSY) to $55.00 (from $60.00) while maintaining a Equalweight rating.
The analyst comments "The Key Takeaway: ETSY reported 3Q GMS that was -2% below consensus as core ETSY sees continued MSD declines. Consolidated revs... More
