Jefferies lowered the firm’s price target on Etsy to $45 from $50 and keeps an Underperform rating on the shares. After updating the firm’s model to reflect Q1 results and guidance, the firm’s 2025 revenue estimate decreases by 5%, while its EBITDA estimate also decreases by 5% to reflect a more conservative revenue outlook and continued margin pressure from a ramp in marketing.
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Read More on ETSY:
- Etsy downgraded to Market Perform from Outperform at JMP Securities
- Carvana upgraded, Block downgraded: Wall Street’s top analyst calls
- Etsy price target lowered to $83 from $91 at B. Riley
- Etsy price target lowered to $75 from $85 at Truist
- Etsy price target lowered to $52 from $55 at Morgan Stanley