HomeInvestingTechnical AnalysisEtsy (ETSY) Hits New 52-Week Low
Etsy (ETSY) Hits New 52-Week Low

Etsy Inc (ETSY) is the subject of today’s FOMO segment. In this segment Alex Coffey and Jenny Horne discuss the global online marketplace that specializes in handmade and vintage goods. Jenny discusses Oppenheimer lowering their price target on the stock Thursday from $140.00 to $120.00 but at an outperform rating. Jenny and Alex discuss Etsy (ETSY) reeling in its Q2 GMS forecast, Q2 revenue estimate as well as its 2022 and 2023 full year revenue estimates. Jenny and Alex discuss possible reasons for Etsy’s estimates decline including the high cost of ETSY products, the decreased discretionary spending atmosphere and the website’s shipping costs. Finally, Alex demonstrates an example trade using shares of ETSY (ETSY) which were trading as low as $67.91 Thursday afternoon. That’s a new 52 week low. The stock had previously closed at $76.05.

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