Wells Fargo lowered the firm’s price target on Etsy (ETSY) to $47 from $52 and keeps an Underweight rating on the shares. The firm says it walks away from the earnings call incrementally cautious. Q1 guided to “peak growth” for FY26 and at least half the Q1 gross merchandise sales acceleration appears to be driven by foreign exchange. Wells views the Depop deal as financially accretive, but sustainable growth is now more challenging.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETSY: