BUZZ-J.P. Morgan starts coverage of Etsy with 'neutral'

Reuters

03-19

BUZZ-J.P. Morgan starts coverage of Etsy with 'neutral'

** Brokerage J.P. Morgan starts coverage on online marketplace Etsy Inc ETSY.O with "neutral" rating and $50 PT, a 12% upside to the stock's last close

** Says "ETSY is a leading online marketplace focusing on unique and creative goods" with a "$550 bln estimated core TAM"

** Says co's consolidated Gross Merchandise Sales $(GMS)$ declined annually over 2022-24, but believes the trend could improve sequentially throughout 2025

** Expects co's "product investments to support improved GMS trends", particularly through "social commerce enhancements led by search/discovery (GenAI/ML), mobile app, and frequency"

** ETSY's revenue to grow at a "3% 2024-27 CAGR", with a "take rate expansion" driven by advertising, improved GMS trends, and seller enhancements - brokerage

** ETSY fell 32.4% in the last 12 months

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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Morgan starts coverage of Etsy with 'neutral'\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-03-19 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-J.P. Morgan starts coverage of Etsy with 'neutral'</title></head><body><p>** Brokerage J.P. Morgan starts coverage on online marketplace Etsy Inc <span>ETSY.O</span> with \"neutral\" rating and $50 PT, a 12% upside to the stock's last close</p><p>** Says \"ETSY is a leading online marketplace focusing on unique and creative goods\" with a \"$550 bln estimated core TAM\"</p><p>** <span>Says </span>co's consolidated <span>Gross Merchandise Sales <a href=\"https://laohu8.com/S/GMS\">$(GMS)$</a> </span>declined annually over 2022-24, but believes <span>the trend </span>could improve sequentially throughout 2025</p><p>** Expects co's \"product investments to support improved GMS trends\", particularly through \"social commerce enhancements led by search/discovery (GenAI/ML), mobile app, and frequency\"</p><p>** ETSY's revenue to grow at a \"3% 2024-27 CAGR\", with a \"take rate expansion\" driven by advertising, improved GMS trends, and seller enhancements - brokerage</p><p>** ETSY fell 32.4% in the last 12 months</p><p> (Reporting by Kamal Choudhury in Bengaluru)</p><p> ((Kamal.Choudhury@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETSY","symbol_name":"Etsy, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250319:nL4N3Q20ZH:1","article_id":"2520183575","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520183575","pubTimestamp":1742385886,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-J.P. Morgan starts coverage of Etsy with 'neutral'** Brokerage J.P. Morgan starts coverage on online marketplace Etsy Inc ETSY.O with \"neutral\" rating and $50 PT, a 12% upside to the stock's last close** Says \"ETSY is a leading online marketplace focusing on unique and creative goods\" with a \"$550 bln estimated core TAM\"** Says co's consolidated Gross Merchandise Sales  declined annually over 2022-24, but believes the trend could improve sequentially throughout 2025** Expects co's \"product investments to support improved GMS trends\", particularly through \"social commerce enhancements led by search/discovery , mobile app, and frequency\"** ETSY's revenue to grow at a \"3% 2024-27 CAGR\", with a \"take rate expansion\" driven by advertising, improved GMS trends, and seller enhancements - brokerage** ETSY fell 32.4% in the last 12 months  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ETSY":"Etsy, Inc."},"translate_title":"巴兹-J.P摩根以“中性”开始对Etsy的报道","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETSY":0.9},"content_text":"BUZZ-J.P. Morgan starts coverage of Etsy with 'neutral'** Brokerage J.P. Morgan starts coverage on online marketplace Etsy Inc ETSY.O with \"neutral\" rating and $50 PT, a 12% upside to the stock's last close** Says \"ETSY is a leading online marketplace focusing on unique and creative goods\" with a \"$550 bln estimated core TAM\"** Says co's consolidated Gross Merchandise Sales $(GMS)$ declined annually over 2022-24, but believes the trend could improve sequentially throughout 2025** Expects co's \"product investments to support improved GMS trends\", particularly through \"social commerce enhancements led by search/discovery (GenAI/ML), mobile app, and frequency\"** ETSY's revenue to grow at a \"3% 2024-27 CAGR\", with a \"take rate expansion\" driven by advertising, improved GMS trends, and seller enhancements - brokerage** ETSY fell 32.4% in the last 12 months (Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}