Etsy Analyst Downgrades: A Deeper Dive into Recent Research Calls

Etsy's Declining GMS: A Cause for Concern

Etsy's Gross Merchandise Sales (GMS) have been steadily declining in recent months, a trend that has raised concerns among investors. Analysts have been closely monitoring the situation, and several have published research calls highlighting the potential causes and implications of this decline. According to The Fly, here are some of the key research calls:

Analyst Downgrades and Top Analyst Upgrades

BofA has downgraded RTX to Underperform from Neutral, with a price target of $75. This downgrade reflects concerns about the company's near-term outlook and its ability to sustain its recent growth trajectory.

Several other analysts have also downgraded stocks in the Consumer Cyclical sector. These downgrades indicate that analysts are becoming increasingly cautious about the sector's prospects in the current economic environment.