Truist Securities Maintains Buy on Etsy, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali maintains a 'Buy' rating on Etsy but has lowered the price target from $126 to $95.
October 24, 2023 | 4:39 pm
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Etsy's price target has been lowered from $126 to $95 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on Etsy's stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100