Etsy, according to multiple market reports, has garnered optimism from Elliott Management due to various strategic shifts. Several investment firms including Primecap Management, Thrivent Financial, Advisors Asset Management, and Quest Partners have boosted their stake or initiated a position in Etsy. Despite missing Q3 earnings estimates, the online marketplace reported a significant revenue upside driving
stock gains. The company's board has approved a $1 billion share buyback program, reflective of its management's confidence in future growth. On the other hand, the stock has seen some withdrawal from investors such as
Marla J. Blow and Sumitomo Mitsui Trust Group. Etsy's short-term performance remains mixed amid market shifts and is currently at a multi-year low, prompting varying analyst sentiments. Some see an upside to the stock with GMS tracking and strategic innovations while others, like Goldman Sachs, maintain a Sell rating. Etsy has been delisted from the S&P 500, yet it remains a top internet stock pick for firms like Cantor Fitzgerald. Analysts are keenly watching Etsy's strategic and operational directions as it navigates the post-pandemic realities.
Etsy Stocks News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:34:38 GMT -
Rating 1
- Innovation 5
- Information 7
- Rumor 2
