Shopify, Wayfair, Etsy among e-commerce target price cuts at Stifel

xxmmxx/iStock via Getty Images The e-commerce sector that has been slammed by a recent sell-off is dealing with yet more negative news on Monday morning.

In an internet retail earnings preview provided by a team of analysts led by Scott Devitt, Stifel offered lowered expectations across numerous stocks. Among the prominent stocks profiled, price targets for Wayfair, Inc. ( W ), Shopify (NYSE: SHOP ), Etsy, Inc. ( ETSY ), Sea Limited ( SE ), and The RealReal ( REAL ) were all reeled in.

“eCommerce is giving back some of the transitory gains that were driven by less human mobility and a short-term spend shift to goods over services, which is now reversing,” Devitt explained. “Emerging inflation and the effects on overall discretionary consumer spend are also a consideration.”

While he explained that the longer-term trends could remain promising as comps normalize from historic levels and inflation trends potentially peak, a recovery from current levels to new highs should take a period of years. As a result, near term trends were cited as exceptionally inauspicious and motivated tempered price targets. Further, $1,400 stimulus checks issued in March of 2021 are set to skew earnings comps and potentially adversely impact the slew of upcoming earnings results.

On a stock-specific level, Etsy ( ETSY ) is expected to be hit by changing consumer habits in discretionary spending, uncertainty about inflation, and protests over the company’s seller transaction fee that continue to hang over the stock. Devitt therefore cut his price target to $160 from $200, but maintained a Buy rating on shares.

The very same macro uncertainty stemming from both inflation and supply chain problems as well as changes in shopping trends were cited as key data points prompting a price target cut for The RealReal ( REAL ) and Wayfair ( W ). Devitt […]

Click here to view original web page at

On y est presque!
À quelle adresse dois-je vous envoyer le Guide?