Etsy shares are trading lower after the company reported Q2 financial results. Additionally, Bernstein downgraded the stock from Outperform to Market Perform while Oppenheimer and Morgan Stanley lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
Etsy's Q2 financial results led to a decrease in its share price. Bernstein downgraded the stock from Outperform to Market Perform, while Oppenheimer and Morgan Stanley lowered their price targets.
August 04, 2023 | 1:40 pm
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Etsy's stock was downgraded by Bernstein and had its price targets lowered by Oppenheimer and Morgan Stanley following Q2 results.
Etsy's Q2 financial results were not well received by the market, leading to a decrease in its share price. This was further compounded by Bernstein's downgrade and Oppenheimer and Morgan Stanley's lowered price targets, which are likely to negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100