FMP
Sep 15, 2023 3:50 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Wolfe Research analysts upgraded Etsy (NASDAQ:ETSY) from Peerperform to Outperform with a $100.00 price target. Despite a year-to-date decline in Etsy's stock, the analysts see potential for growth recovery in the double digits as macro conditions improve, which could drive high-teens EBITDA growth.
This projection is based on expectations of higher discretionary consumer spending and cost savings, regardless of when the macro conditions improve.
The analysts believe Etsy's shares could trade at a mid-teens EBITDA multiple if growth rates reaccelerate to double digits, alongside margin expansion. Historically, Etsy's multiples averaged around 22x before the COVID pandemic, with growth rates ranging from 15% to 25%.
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
Dec 22, 2024 7:59 AM - Sanzhi Kobzhan
When it comes to cutting-edge software and data analytics, Palantir Technologies (NYSE: PLTR) is often front and center. But for many investors, it’s important to consider alternative or complementary stocks in the same sector that may offer robust growth potential. As PLTR looks expensive (overvalu...