Fly News Breaks for February 27, 2020
Feb 27, 2020 | 09:29 EDT
RBC Capital analyst Shweta Khajuria lowered the firm's price target on Etsy to $66 from $68 but keeps an Outperform rating on the shares. The analyst points to the company's "mixed" fundamentals reported in Q4, with GMS growth topping expectations but EBITDA margins contracting by 4.4bps. Khajuria remains positive on Etsy stock longer term, with GMS per active buyer growing for the 7th consecutive quarter and Offsite Ads contributing to its margins.
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