BofA lowered the firm’s price target on Etsy to $68 from $75 and keeps a Neutral rating on the shares. While Etsy reported Q3 GMS and revenue “slightly above” the Street’s forecasts, its guidance calls Q4 trends and competition into question, says the analyst, who is lowering the firm’s revenue and EBITDA view on pressured growth.
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Read More on ETSY:
- Best Stocks to Buy Now, 11/3/2023, According to Top Analysts
- Etsy price target lowered to $76 from $100 at Wolfe Research
- Etsy sees Q4 GMS down in the low single digit range y/y
- Etsy, Inc. Reports Third Quarter 2023 Results
- Etsy reports Q3 EPS 64c, consensus 49c
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