Analyst Predicts Weak Backdrop For Etsy Stock
ETSYEtsy(ETSY) Schaeffers Research·2024-01-10 22:08

Goldman Sachs downgraded Etsy Inc (NASDAQ:ETSY) to "neutral" from "buy," sending it 1.7% lower before the opening bell. According to the bear note, the analyst predicted that tighter consumer discretionary spending will result in a weaker backdrop for the e-commerce concern. Analysts are split on ETSY, leaving plenty of room for additional downgrades. Specifically, 13 of the 26 covering brokerages carry a "buy" or better rating. Elsewhere, short interest fell 12.6% over the last month, yet the 12.75 million ...