DA Davidson analysts recently upgraded the price target of (NASDAQ: ETSY) from an earlier $167.00 to $234.00, as per their report on the company issued this Friday, February 26th.
The digital consultancy company was also marked with a revised “Buy” rating. The new PT (price target) issued by DA Davidson suggests a 5.83% upside since the company’s previous close.
ETSY stocks traded at $221.10 this Friday. The company’s current market capitalization stands at $27.88 billion. It has a positive PE ratio of 122.92 along with a beta of 1.66 at the moment. The PEG ratio stands at 3.58. The current and quick ratio is 4.98 along with 1.65 as the debt-to-equity ratio. The 12-monthly high to low ranges from $239.47 to $29.95. The 50SMA (Simple Moving Average) stands at $211.50 and its 200SMA stands at $158.50.
NASDAQ: ETSY Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 25th of February. The earnings stood at $1.08 EPS for that quarter as opposed to the general consensus of $0.58 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 46.30% along with a net margin of 16.83%. Analysts from several brokerages suggest that the company is likely to announce 2.12 as earnings per share for the current fiscal year.
NASDAQ: ETSY has recently been the subject of a lot of reports by equities analysts. Some such as Roth Capital, Royal Bank of Canada, Canaccord Genuity, Wedbush, BTIG Research, and so on have posted reports on this firm over the last few weeks. All these brokerages have lifted their target price for the company, as per their reports.
Among the brokerages that have issued reports on ETSY, one has issued a “Sell” Rating. One has recommended “Hold” and a majority of seventeen have rated the stock as “Buy.” Therefore, the consensus rating of Etsy stands at “Buy.” The consensus on the target price is marked at $187.14. Several hedge funds have also altered their shareholdings of this company recently.
