J P M O R G A N North America Equity Research 15 July 2026 Etsy Raising Estimates Above Guidance Into 2Q Earnings; Focus on Social Commerce Initiatives, GMS Growth, & Frequency; Neutral w/$85 PT We're raising our 2Q & 2026 GMS estimates above mgmt's guidance into upcoming 2Q26 earnings. ETSY shares are +50% YTD (vs. SPX +10%) and are +31% since 1Q earnings (vs. SPX +6%), driven by Etsy Marketplace GMS growth acceleration, solid execution & improving fundamentals, the pending Depop sale, & capital returns. W ...

监管审批 - 英国竞争监管机构于周三批准了eBay对时尚转售平台Depop的收购计划 [1] - 此次批准标志着初步调查的结束，为美国公司eBay扫除了一个潜在的监管障碍 [1] 交易进展 - 该收购计划已获得监管机构的放行，交易推进的关键步骤已完成 [1]