4 Etsy Analysts Stand Firm On Ratings Post-Q4 Earnings: Point To Buyer Growth, Fee Expansion Prospects
Portfolio Pulse from Priya Nigam
Etsy Inc (NASDAQ:ETSY) shares fell after Q4 results, despite beating sales and earnings expectations, due to a subdued outlook and soft January performance. Analysts from Wedbush, Needham, Oppenheimer, and KeyBanc Capital Markets provided mixed reviews, focusing on buyer growth, fee expansion, and competitive challenges. Price targets ranged from $80 to $95, with ratings from Neutral to Buy.
February 22, 2024 | 3:31 pm
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NEGATIVE IMPACT
Etsy's Q4 earnings surpassed expectations but faced a subdued outlook and soft January, leading to a 7.4% drop in share price. Analysts remain mixed with price targets between $80 and $95.
Despite Etsy beating Q4 sales and earnings expectations, the company's subdued forward outlook and soft performance in January have led to a negative short-term impact on its stock price. Analysts' mixed reviews and varied price targets reflect uncertainty and challenges in the competitive e-commerce landscape, influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100