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Investing.com - Stifel has reiterated its Hold rating and $64.00 price target on Etsy (NASDAQ:ETSY), which currently trades at $53.87, following meetings with company executives at Stifel’s 2025 Tech Executive Summit in Deer Valley, Utah. According to InvestingPro analysis, the stock appears undervalued, with analyst targets ranging from $48 to $86.
The investment firm’s analyst Mark Kelly maintained the rating after hosting Etsy’s Chief Financial Officer Lanny Baker and Senior Director of Investor Relations Sarah Marx at the conference earlier this week. The company, which maintains impressive gross profit margins of 72.2% and a market capitalization of $5.3 billion, has seen its stock decline 14% over the past week.
Etsy executives participated in a fireside chat and held several meetings with investors during the summit, providing insights into the company’s current operations and strategy.
Key discussion topics during these meetings included the Etsy app, buyer trends, and the company’s shift in marketing strategy toward social media platforms.
The company’s reallocation of marketing dollars towards social media was specifically highlighted as one of the significant areas of focus during the conversations with investors.
In other recent news, Etsy’s financial performance and analyst ratings have been the focus of several updates. Etsy’s second-quarter results exceeded expectations, with Gross Merchandise Sales (GMS) and EBITDA surpassing estimates by 2% and 4%, respectively, according to Cantor Fitzgerald. This performance prompted Cantor Fitzgerald to raise its price target to $64.00 while maintaining a Neutral rating, highlighting the company’s cross-border transaction exposure. Similarly, Needham increased its price target to $72.00, maintaining a Buy rating due to an improved growth outlook following the strong quarterly results. Truist Securities also raised its price target to $75.00, citing Marketplace revenue tracking ahead of consensus estimates.
Meanwhile, JPMorgan reiterated its Neutral rating with a $60.00 price target, noting potential impacts from upcoming tariff changes affecting imports valued at $800 or less. These developments reflect a mix of optimism and caution among analysts, as they evaluate Etsy’s performance and market conditions.
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