Needham Maintains Buy on Etsy, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Anna Andreeva has maintained a 'Buy' rating on Etsy (NASDAQ:ETSY), but lowered the price target from $130 to $85.
November 02, 2023 | 10:45 am
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NEGATIVE IMPACT
Etsy's price target has been lowered from $130 to $85 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham could potentially lead to a short-term negative impact on Etsy's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100