1. Etsy's shares fell 6.98% following mixed Q2 results. 2. Cantor Fitzgerald raised ETSY's price target from $52 to $64. 3. Needham reaffirmed a Buy rating, increasing target from $55 to $72. 4. GMS grew above Street estimates by 2%, but core sales declined. 5. Encouraging Q3 guidance hints at potential return to GMS growth.
While GMS and EBITDA were above estimates, the overall decline is concerning. Historically, shares often react negatively to such declines despite some positive analyst ratings.
The article provides mixed signals, with both positive and negative aspects affecting short-term pricing. The diverse analyst views indicate market uncertainty and upcoming changes.
The immediate investor sentiment is impacted negatively due to the recent Q2 results. However, the positive guidance may improve sentiment in the upcoming quarter.