Citi lowered the firm’s price target on Etsy (ETSY) to $53 from $56 and keeps a Neutral rating on the shares. The company’s trends “took a step back” with Q4 gross merchandise sales and Q1 guidance below expectations, the analyst tells investors in a research note. The firm says that while management expects improvements from here, it remains cautious pending more evidence of a return to growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETSY:
- Etsy price target lowered to $76 from $105 at Canaccord
- Etsy’s Strong Financial Health and Adjusted Growth Targets Lead to Buy Rating
- Etsy Achieves Record Revenue Amidst Challenging Year
- Etsy’s 2024 Earnings Call: Record Revenue Amid Challenges
- Etsy price target lowered to $60 from $65 at Evercore ISI
Questions or Comments about the article? Write to editor@tipranks.com