Shares of Etsy Inc ETSY have lost around 38% year to date, with the company facing intensifying competition. According to Goldman Sachs, the current Street estimates for Etsy are at risk, given the low visibility into gross merchandise sales, the potential for persistent share losses, and the risk of margin compression in 2025. Analyst Eric Sheridan downgraded Etsy's rating from Neutral to Sell and slashed the price target from $70 to $45. The Etsy Thesis: The company's gross merchandise sales have been dec ...