Guggenheim lowered the firm’s price target on Etsy (ETSY) to $70 from $80 and keeps a Buy rating on the shares. Q4 GMS fell short of expectations and the need for incremental negative revisions to 2025 GMS and adjusted EBITDA expectations caused Etsy shares to give back more than the stock’s entire year-to-date outperformance, the analyst tells investors. However, the firm continues to see various factors that should drive top-and-bottom-line improvement moving throughout 2025 and views the shares’ valuation as “undemanding,” the analyst added.
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Read More on ETSY:
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