Etsy on track for second consecutive record trading day as lower shipping costs attract shoppers [MarketWatch]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: MarketWatch
Etsy on track for second consecutive record trading day as lower shipping costs attract shoppers Etsy Inc. ETSY, +12.98% shares soared 15.3% in Tuesday trading, on track for a second consecutive record close, after better-than-expected earnings . Etsy Chief Executive Josh Silverman attributed the holiday season results to a number of factors including an improved selling platform and "more competitive shipping prices." Analysts are bullish about the retailer, with at least three price target raises on Wednesday. "We think the story is one of the most compelling in our coverage as platform improvements and clarity of operational focus are making the flywheel spin faster," wrote KeyBanc Capital Markets. Analysts rate Etsy shares overweight with a $75 price target, up from $59. "We are encouraged by Etsy's progress over the past several quarters as marketing investments and product enhancements continue to drive growth at higher levels than we had previously anticipated," wrote Stifel
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ETSY
News
- Why Etsy (ETSY) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Handmade Jewelry Market to Reach $472.5 Billion Globally by 2032 at 11.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Etsy: Competition Concerns Already Priced In [Seeking Alpha]Seeking Alpha
- Etsy, Inc. (NASDAQ: ETSY) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $55.00 price target on the stock, down previously from $65.00.MarketBeat
- Etsy (ETSY) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
ETSY
Earnings
- 2/21/24 - Miss
ETSY
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ETSY's page on the SEC website