Needham Maintains Buy on Etsy, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Anna Andreeva maintains a Buy rating on Etsy (NASDAQ:ETSY) but lowers the price target from $160 to $130.
June 02, 2023 | 9:19 am
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Needham analyst Anna Andreeva maintains a Buy rating on Etsy but lowers the price target from $160 to $130.
The news of Needham maintaining a Buy rating on Etsy is positive for the stock, but the lowering of the price target from $160 to $130 may create some uncertainty among investors. This mixed sentiment could result in a neutral short-term impact on Etsy's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100