Professional
Added to YB: 2024-10-16
Pitch date: 2024-10-15
ETSY [neutral]
Etsy, Inc.
+17.87%
current return
Author Info
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Company Info
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, and internationally.
Market Cap
$5.4B
Pitch Price
$51.53
Price Target
45.00 (-26%)
Dividend
N/A
EV/EBITDA
15.90
P/E
23.15
EV/Sales
2.45
Sector
Broadline Retail
Category
value
Show full summary:
Goldman Sachs Downgrades Etsy to Sell, Citing Persistent GMS Declines and Market Share Loss
ETSY downgrade: Goldman downgrades to Sell, PT $45. Persistent GMS declines, low growth visibility, expected market share loss in eComm. Risks: potential EBITDA estimate cuts, increased investments impacting margins. High Q4/2025/2026 margin expectations.
Read full article (1 min)