FMP
Jun 16, 2022 10:09 PM - Davit Kirakosyan
Etsy, Inc. (NASDAQ:ETSY) shares closed more than 9% lower on Thursday following a price target cut by Oppenheimer analysts.
The analysts lowered their price target to $120 from $140 on weaker May conversion data but maintained their Outperform on the long-term market position.
The analysts said the regression of third-party data indicates weaker Q2 on lower conversion, noting a 4% decline in site visits (same as in Q1), but a 20% decline in outgoing payments traffic (vs. 5% year-over-year growth in Q1). As such, their regression model implies gross merchandise sales (GMS) 12% below the Street estimate and marketplace revenue 6% below the Street estimate.
Despite weaker 2022 GMS, Oppenheimer believes the company is maintaining its COVID-19 bump in active buyers and total spending, expecting organic GMS to decline 6% in 2022, but accelerate to a growth of 19% by 2024.
As inflation rates continue to rise, the analysts expect weaker consumer spending in the coming months but remain optimistic about the company's ability to remain an industry leader and attain market share.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...