Is Etsy Going to $50? 1 Wall Street Analyst Thinks So

Etsy (NASDAQ: ETSY) issued yet another disappointing earnings report on Wednesday. Investors have been hoping for a turnaround after several quarters of flat growth, but Etsy's first-quarter earnings report came up short.

The company reported another quarter of declining gross merchandise sales (GMS), the total dollar value of goods sold on the platform, and its guidance did little to stoke any expectations of a recovery.

Not surprisingly, Wall Street generally gave the report a thumbs-down, and the stock finished down 15% last Thursday. One analyst was particularly frustrated with the results.

Source Fool.com