What Can We Expect From Etsy (ETSY) After Wedbush’s Latest Coverage?

September 15, 2018 - By Kristen Paramore

Etsy, Inc. (NASDAQ:ETSY) Logo

Why Has Wedbush Given Etsy (ETSY) a $50.0 Price Target

Stock analysts at Wedbush gave a key “Neutral” rating for Etsy (ETSY). The firm started coverage in analysts note sent to investors on Friday, 14 September. The PT indicates downside of -1.09 % from the last stock price.

The stock increased 4.55% or $2.3 during the last trading session, reaching $52.85. About 4.28M shares traded or 40.63% up from the average. Etsy, Inc. (ETSY) has risen 179.06% since September 15, 2017 and is uptrending. It has outperformed by 163.44% the S&P500.

Analysts await Etsy, Inc. (NASDAQ:ETSY) to report earnings on November, 5. They expect $0.07 EPS, down 41.67 % or $0.05 from last year’s $0.12 per share. ETSY’s profit will be $8.38M for 188.75 P/E if the $0.07 EPS becomes a reality. After $0.03 actual EPS reported by Etsy, Inc. for the previous quarter, Wall Street now forecasts 133.33 % EPS growth.

Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. The company has market cap of $6.33 billion. The Company’s platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. It has a 76.15 P/E ratio. The firm offers approximately 45 million items across approximately 50 retail categories to buyers.

More recent Etsy, Inc. (NASDAQ:ETSY) news were published by: Investorplace.com which released: “5 Top Stock Trades for Monday — Is GE Finally a Breakout Buy?” on September 14, 2018. Also Fool.com published the news titled: “Etsy Stock Can Do No Wrong in 2018” on September 14, 2018. Prnewswire.com‘s news article titled: “Linda Findley Kozlowski to Step Down as Etsy’s COO” with publication date: September 13, 2018 was also an interesting one.

Etsy, Inc. (NASDAQ:ETSY) Ratings Chart

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