Wells Fargo analyst Ken Gawrelski maintained a Sell rating on Etsy (ETSY – Research Report) today and set a price target of $58.00. The company’s shares closed yesterday at $69.74.
According to TipRanks, Gawrelski is a 4-star analyst with an average return of 7.2% and a 51.52% success rate. Gawrelski covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Snap.
In addition to Wells Fargo, Etsy also received a Sell from Loop Capital Markets’s Laura Champine in a report issued today. However, on the same day, Guggenheim maintained a Buy rating on Etsy (NASDAQ: ETSY).
Based on Etsy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $628.88 million and a net profit of $61.92 million. In comparison, last year the company earned a revenue of $585.14 million and had a net profit of $73.12 million
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Etsy (ETSY) Company Description:
Etsy, Inc. is an online marketplace for buyers and sellers, and operates in the United States, Canada, the United Kingdom, France, Germany and Australia. It mainly focuses on handmade or vintage items and craft supplies that include unique jewelry, on-trend clothing, bags, toys, art, home decor and furniture. In addition, the company offers several services to sellers including payment processing, advertising platform and shipping services.
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