Goldman Sachs Downgrades Etsy to Sell, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has downgraded Etsy from Neutral to Sell and reduced the price target from $70 to $45.
October 15, 2024 | 5:05 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded Etsy from Neutral to Sell, with a new price target of $45, down from $70.
The downgrade from a major financial institution like Goldman Sachs is likely to negatively impact Etsy's stock price in the short term. The significant reduction in the price target from $70 to $45 suggests a bearish outlook on the company's future performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100