Etsy (ETSY) Receives Analyst Rating

Etsy (ETSY) : The consensus on Etsy (ETSY) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Etsy (ETSY) : Currently there are 4 street experts covering Etsy (ETSY) stock. The most bullish and bearish price target for the stock is $15 and $13 respectively for the short term. The average price target of all the analysts comes to $13.94. The estimated standard deviation from the target is $0.88.


Also, In a research note released to the investors, Goldman Sachs maintains its rating on Etsy (NASDAQ:ETSY).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $11 per share to $14 per share. The rating by the firm was issued on August 3, 2016.

Etsy (NASDAQ:ETSY): The stock opened in the green at $13.67 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $13.74 and a low of $13.53 for the day. The stock did not find buyers even at the lows and closed at $13.63 recording a loss of -0.44%. 840,601 shares exchanged hands during the trading day. The stock had closed at $13.69 in the previous days trading.

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.

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