Shares of online marketplace Etsy (NASDAQ:ETSY) — which specializes in handmade, vintage and craft supplies — slipped noticeably on Wednesday. The red ink follows Goldman Sachs downgrading ETSY stock due to concerns about consumer discretionary trends. While a worrisome prospect, investors should look at the broader context before making a final decision.According to a Seeking Alpha report, Goldman analyst Alexandra Steiger downgraded ETSY stock to “neutral” after previously rating it a “buy.” Specifically, ...

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 ...

The last couple of years have been pretty difficult for Etsy (ETSY -1.22%) shareholders. Since the start of 2022 to the end of 2023, the stock has cratered 63%, and it currently sits 74% below its all-time high.This is disheartening given the rebound year many growth stocks had in 2023. But value-conscious investors might want to take a closer look at this rare opportunity to scoop up a quality business.Here are three reasons to buy this e-commerce stock like there's no tomorrow.A differentiated offeringEts ...

A bull market is just around the corner, it seems. The S&P 500 finished 2023 with a breakout rally that brought the broad-market index within a hair's breadth of an all-time high. While stocks pulled back in the first couple of days of the new year, it still seems like the S&P 500 will push into record levels this year, thereby kicking off a new bull market.Even with the index near all-time highs, there are still a number of stocks that are down substantially from their peaks and are worth buying right now. ...

Etsy (ETSY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this online crafts marketplace have returned -0.7%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Internet - Services industry, which Etsy falls in, has gained 4.4%. The key question now is: What could be the stock's future direction?While media releas ...

Etsy (ETSY -1.06%) runs an online marketplace that focuses on quality products, including many that are handmade, as a way to differentiate itself from what you might find on many other sites, where the focus is often on low-priced goods. Etsy has experienced significant growth as it has carved out a niche for itself.But over the past two years, with consumers becoming more price-conscious and inflation putting pressure on household budgets, investors have grown concerned about Etsy. Since 2022, the stock i ...

Michael M. Santiago/Getty Images News Back in October, I upgraded Etsy (NASDAQ:ETSY) to “Buy,” nothing that while the stock had been pummeled this year, that the company had made progress increasing the number of active buyers on its platform, as well as gaining traction in international markets. With the stock up over 25% since then, let’s catch up on the name. Company Profile As a refresher, ETSY operates several online marketplaces that connect buyers with sellers. Its largest and best known is Etsy. ...

Sometimes you have to move on from a stock. Etsy (ETSY -0.57%) has unfortunately fallen into this category for me. Instead, I have my eyes on a much better option: Airbnb (ABNB 0.33%).So why am I moving on from Etsy to Airbnb? It all has to do with how each company has grown recently.Etsy's sales appear to have plateauedEtsy's growth story is a bit of a mixed bag. Two measures define how it is doing: Gross merchandise sales (GMS) and revenue. GMS tells investors how much product is sold on Etsy's platform, ...

While many consumer goods stocks rallied this year, one in particular sat on the sidelines. I'm talking about Etsy (ETSY 1.97%), an e-commerce company that offers artisans a platform where they can sell their creations. The stock is heading for a 27% loss in 2023 -- and that follows a decline of more than 45% last year.After watching Etsy's shares and earnings soar during the earlier stages of the pandemic, investors worried the company wouldn't keep up the momentum as consumers returned to in-person shoppi ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Etsy company logo is seen at its New York headquarters building on December 13, 2023. Conspiracy theorists who believe in a secret cabal of child sex traffickers have set their sights on yet another online retailer: Etsy, a website best known for selling handmade items. Social media users point to what they say are "suspic ...