Wells Fargo lowered the firm’s price target on Etsy (ETSY) to $46 from $47 and keeps an Underweight rating on the shares. The firm expects in-line Q1 print, but trimming estimates and sees increasing risk to Q2/second half of 2025 consensus from macro uncertainty. Attempting to shift buyer behavior on Etsy during a period of consumer pressure is a complicated endeavor, argues Wells.
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