Edgestream Partners L.P. has made a new investment in
Etsy. Despite being removed from the
S&P 500, it holds a spot among Cantor Fitzgerald’s top internet stock picks. Though experiencing volatile market shifts, leading to its stocks touching a 52-week low, it still attracts substantial investors such as
DekaBank Deutsche Girozentrale and
Pacer Advisors Inc. Despite a decline in gross merchandise sales, Etsy continually tries to revamp its image. Their stock receives a neutral rating amidst macroeconomic headwinds persisting. Analysts suggest a target price of around $70. Even in challenging environments, Etsy beats quarterly revenue estimates due to steady demand for personalized gifts. A palpable negative hit was received when Etsy was identified to have missed consumer expectations. Amidst concerns of its stock dropping, there are arguments on Etsy being a strong growth stock for the long term.
Artisan Small Cap Fund exited Etsy due to disappointing financial results. Despite the ups and downs, analysts still weigh in on the potential of Etsy's stocks that is speculated to beat the
S&P 500 in the coming years.
Etsy Stocks News Analytics from Fri, 08 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 09:21:02 GMT -
Rating -3
- Innovation 0
- Information 5
- Rumor 4
