Etsy's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Etsy, as indicated by recent options trades. The sentiment is split, with 37% bullish and 50% bearish. Analysts have downgraded Etsy's rating to Neutral, with price targets between $50 and $56. Etsy's stock is currently down 2.71% at $54.14.
September 16, 2024 | 2:45 pm
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Etsy has seen a bearish sentiment from big-money investors, with 50% of options trades being bearish. Analysts have downgraded the stock to Neutral, with price targets between $50 and $56. The stock is currently down 2.71% at $54.14.
The bearish sentiment from significant investors and the downgrade by analysts to Neutral with lower price targets suggest a negative short-term outlook for Etsy. The stock's current decline of 2.71% further supports this bearish view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100