Evercore ISI Group Maintains Outperform on Etsy, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Shweta Khajuria maintains an 'Outperform' rating on Etsy (NASDAQ:ETSY) but has lowered the price target from $105 to $85.

September 26, 2023 | 1:54 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Etsy but lowered the price target from $105 to $85.
The news is directly about Etsy. The 'Outperform' rating suggests that the analyst expects Etsy to do better than the market average, which is positive for the stock. However, the lowering of the price target from $105 to $85 might create a negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100