REAL - Shopify Wayfair Etsy among e-commerce target price cuts at Stifel

The e-commerce sector that has been slammed by a recent sell-off is dealing with yet more negative news on Monday morning.  In an internet retail earnings preview provided by a team of analysts led by Scott Devitt, Stifel offered lowered expectations across numerous stocks. Among the prominent stocks profiled, price targets for Wayfair, Inc. (W), Shopify (NYSE:SHOP), Etsy, Inc. (ETSY), Sea Limited (SE), and The RealReal (REAL) were all reeled in.  “eCommerce is giving back some of the transitory gains that were driven by less human mobility and a short-term spend shift to goods over services, which is now reversing,” Devitt explained. “Emerging inflation and the effects on overall discretionary consumer spend are also a consideration.”  While he explained that the longer-term trends could remain promising as comps normalize from historic levels and inflation trends potentially peak, a recovery from current levels to new highs should take a period of

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Shopify, Wayfair, Etsy among e-commerce target price cuts at Stifel