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ETSY I bot some AH @ 102. Hope I want it :)
Etsy tops revenue estimates on demand for personalized products, higher fees
REUTERS 6:01 PM ET May-03-2023
By Granth Vanaik
https://stockcharts.com/h-sc/ui?s=ETSY
(Reuters) - Etsy Inc (ETSY.NaE) on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platform as well as higher transaction fees, sending the company's shares up about 2% in extended trading.
Etsy (ETSY.NaE) - a marketplace for sellers of vintage or handcrafted goods - has maintained its popularity among cost-conscious shoppers after a pandemic-driven surge in growth when people bought cloth masks and craft supplies from the comfort of their homes.
Marketplace revenue increased over 9%, primarily driven by the increase in transaction fee or the charge that a business has to pay every time it processes a customer's payment, from 5% to 6.5%.
Net revenues rose 10.6% to $640.9 million in the quarter ended March 31, compared with analysts estimate of $622.1 million, as per Refinitiv IBES data.
ETSY I bot some AH @ 102. Hope I want it :)
Etsy tops revenue estimates on demand for personalized products, higher fees
REUTERS 6:01 PM ET May-03-2023
By Granth Vanaik
https://stockcharts.com/h-sc/ui?s=ETSY
(Reuters) - Etsy Inc (ETSY.NaE) on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platform as well as higher transaction fees, sending the company's shares up about 2% in extended trading.
Etsy (ETSY.NaE) - a marketplace for sellers of vintage or handcrafted goods - has maintained its popularity among cost-conscious shoppers after a pandemic-driven surge in growth when people bought cloth masks and craft supplies from the comfort of their homes.
Marketplace revenue increased over 9%, primarily driven by the increase in transaction fee or the charge that a business has to pay every time it processes a customer's payment, from 5% to 6.5%.
Net revenues rose 10.6% to $640.9 million in the quarter ended March 31, compared with analysts estimate of $622.1 million, as per Refinitiv IBES data.
$250 and climbing 
$ETSY | #Etsy Into Earnings
MACD very Bullish Reversal and cross.
Stochastic in strong uptrend
RSI has room to run .
Moving Averages Buy Signal cross
Sentiment is strong in teh sector.
AMZN & SHOP may have been a sign of things to come.
Bullish to $135-$144 where we have confluence
of Fibonacci Exp & Ext levels
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$ETSY $106 Target
Stock is quite overbought but has held strong as the market became weaker.
Next Fibonacci target is $106
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