Wells Fargo Initiates Coverage On Etsy with Underweight Rating, Announces Price Target of $70
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ken Gawrelski initiates coverage on Etsy (NASDAQ:ETSY) with an Underweight rating and announces a price target of $70.
June 08, 2023 | 8:14 am
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Wells Fargo initiates coverage on Etsy with an Underweight rating and a price target of $70.
Wells Fargo's initiation of coverage on Etsy with an Underweight rating suggests that the analyst believes the stock is overvalued and may underperform in the short term. The price target of $70 also indicates that the analyst sees limited upside potential for the stock. This news may negatively impact Etsy's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100