The consensus analyst price target for Etsy has increased to $55.15, primarily reflecting a higher future P/E multiple despite a slight decline in projected revenue growth.
What's in the News
- Etsy shareholders approved an amendment to the company's certificate of incorporation.
- J.P. Morgan Securities, Goldman Sachs, and Citigroup were added as co-lead underwriters for Etsy's $650 million fixed-income offering.
Valuation Changes
Summary of Valuation Changes for Etsy
- The Consensus Analyst Price Target has risen from $51.06 to $55.15.
- The Future P/E for Etsy has significantly risen from 14.20x to 16.15x.
- The Consensus Revenue Growth forecasts for Etsy has fallen from 2.9% per annum to 2.8% per annum.
Disclaimer
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