Professional
Added to YB: 2024-01-17
Pitch date: 2024-01-17
ETSY [bullish]
Etsy, Inc.
-22.2%
current return
Author Info
No bio for this author
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Company Info
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers worldwide.
Market Cap
$5.4B
Pitch Price
$69.09
Price Target
145.00 (+170%)
Dividend
N/A
EV/EBITDA
15.25
P/E
34.90
EV/Sales
2.43
Sector
Broadline Retail
Category
growth
Show full summary:
Etsy: We Remain Optimistic About Prospects After Painful but Necessary Cuts
$ETSY: 11% layoff saves $40M+/yr; stagnant GMV past 2yrs but sees 6%+ 2024 growth; 95M buyers w/ mid-1-digit spend upside; intl expansion; wide moat via unique products & scale; $145 FV estimate; risks: macro, security; strategic investments ongoing.
Read full article (15 min)