Etsy Stock Bounces Off Lows Despite Downgrade

Goldman Sachs downgraded Etsy Inc (NASDAQ:ETSY) to "sell" from "neutral" this morning, and lowered its price target to $45 from $70. The analyst expects the e-commerce stock, which is down 39.3% in 2024, to continue to lose market share, amid increased competition. ETSY appears to be brushing off the bear note, up 1.9% at $50.52 at last glance. The shares yesterday hit a more than four-year low of $48.06, and are below all moving averages between the 20- and 320-day trendlines. Over in the options pits, ETS ...