ETSY Cuts 12% Of Workforce After Q2 Beat, Says Layoffs Are ‘Not A Cost-Cutting Move’ — Stock Slips In After-Hours Trading

Dave & Buster's shares fell 17% after Q2 results missed estimates, with revenue at $544.1M vs. $556.8M expected. Enova dropped 15% after withdrawing a regulatory application. Sysco declined 2% on a 12.3M share offering at $81/share. Etsy rose 3% after an Oppenheimer upgrade and $90 price target.

Etsy stock rose 3.3% in pre-market trading after Oppenheimer upgraded it to Outperform with a $90 target, citing AI-driven improvements and positive web traffic trends. The analyst also noted Etsy's partnership with Remitly as a boost for international growth. The rally was driven by company-specific news, not broader market trends.

Etsy (ETSY) shares rose 2.9% premarket after Oppenheimer upgraded it to Outperform with a $90 price target. Analyst Jason Helfstein cited AI search benefits, product improvements, and app engagement gains. Oppenheimer increased its fiscal 2026 GMS estimate by 1% and forecasts 5% GMS growth in fiscal 2027 and 2028.

Oppenheimer upgraded Etsy (ETSY) to outperform with a $90 price target, citing AI search benefits and product improvements. The firm expects a 5% increase in gross merchandise sales growth over two years. Etsy shares have risen 24% year-to-date and gained 2% in premarket trading. Oppenheimer's view contrasts with Wall Street's consensus, where 20 of 33 analysts rate the stock as hold.

Etsy (ETSY) shares fell 2.6% to $70.20 due to market pressure. Argus maintained a 'buy' rating and raised its target to $89. Analyst Rocky White noted a potential bullish trendline. Short interest is 10.8% of the float. Options volatility is low.

Pinterest (PINS) beat Q2 estimates with $1.18B revenue and 43 cents EPS but guided slower Q3 growth (13-15%), causing a 9% drop in extended trading. Etsy (ETSY) beat estimates and raised its full-year sales outlook but cut 12% of staff. Both companies saw reduced hedge fund interest.