Etsy also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. It also provides various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Etsy Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, and Australia to purchase discounted shipping labels.
Etsy also provides various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers that includes the ability to manage inventory, check order status, receive notifications about repeat customers, add photos and listing videos, and purchase and print shipping labels.
Its educational resources include blog posts, video tutorials, Etsy Seller Handbook, Etsy.com online forums and insights, Etsy Teams (a platform to build personal relationships with other Etsy sellers) and a Star Seller program. As of December 31, 2022, it connected a total of 7.5 million active sellers to 95.1 million active buyers.
Etsy stock has a $126 target price at Truist Financial. That compares with a $107.67 consensus target and Monday’s closing print of $63.85.
Oracle
This top software stock posted in-line results but had soft forward guidance despite a big AI initiative. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.
The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.
Last year, Oracle and Cerner closed an agreement for the former to acquire the latter through an all-cash tender offer for $95 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better health care to individual patients and communities.
Oracle stock comes with a 1.40%. HSBC Securities recently began coverage, and its $144 price objective is well above the $127.25 consensus target and Monday’s $112.21 close.
While the Magnificent 7 may very well have some more upside, after a huge run for most of the names, it makes sense to take some profit and move to these five top companies. All are proven long-term leaders, and all should rebound smartly from any recent issues that have kept the shares down.
Originally published at 24/7 Wall St.
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