Citigroup Downgrades Etsy to Neutral, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has downgraded Etsy from Buy to Neutral and lowered the price target from $114 to $67.
October 25, 2023 | 1:45 pm
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Etsy has been downgraded from Buy to Neutral by Citigroup, with a lowered price target from $114 to $67.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Etsy's stock. The lowered price target from $114 to $67 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100