Etsy stock jumps on Depop sale and fresh upgrade — what to watch before Monday
Etsy shares closed up 8.5% at $52.18 Friday after announcing the $1.2 billion sale of Depop to eBay and receiving a Barclays upgrade. Fourth-quarter revenue missed estimates at $881.6 million, with marketplace sales down 1%. The company forecast a first-quarter GMS drop to $2.38–$2.43 billion. Investors weighed margin hopes against a softer sales outlook.