Top Wall Street Strategist Has 5 Fallen Angel Tech/Internet Stocks That Could Explode Higher in January

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.

In addition, the company provides various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics and have conversations with their customers. Its Sell on Etsy is an application to enable enhanced onboarding and video uploading. Its Etsy seller analytics pages provide insights regarding traffic acquisition for their shops, and Targeted Offers is a sales and promotions tool and social media tool. It also offers accounting and bookkeeping services.

Etsy also provides educational resources including blog posts, video tutorials, Etsy Seller Handbook, Etsy.com online forums and a Star Seller program. Etsy Teams is a platform to build personal relationships with other Etsy sellers. As of December 31, 2021, it connected a total of 7.5 million active sellers to 96.3 million active buyers and had 120 million items for sale.

The $138 Jefferies target price is well above the $121.04 consensus target for Etsy stock. Shares closed at $127.10 on Tuesday.

Marvell Technology

This top semiconductor stock has been mauled like most names in the industry, but it could be poised for a big 2023 as supply chains improve. Marvell Technology Inc. (NASDAQ: MRVL) designs, develops and sells analog, mixed-signal, digital signal processing and embedded and standalone integrated circuits.

The company offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers and switches, as well as single or multiple core processors, application-specific integrated circuits, and printer system-on-a-chip products and application processors.

Marvell Technology also provides a range of storage products, comprising storage controllers for hard disk drives and solid-state drives that support various host system interfaces, consisting of serial attached SCSI, serial advanced technology attachment, peripheral component interconnect express, non-volatile memory express (NVMe) and NVMe over fabrics; and fiber channel products, including host bus adapters and controllers for server and storage system connectivity. It has operations in the United States, China, India, Israel, Japan, South Korea, and elsewhere.

The Jefferies price target is $58, while the consensus target is higher at $63.12. Tuesday’s final trade for Marvell Technology stock was reported at $37.81.

NetApp

This company was hit hard when its fiscal 2023 guidance disappointed, offering investors a stellar entry point. NetApp Inc. (NASDAQ: NTAP) provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide.

The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software and NetApp SANtricity software. Its storage infrastructure solutions include NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID and NetApp SolidFire.

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