Raymond James Maintains Outperform on Etsy, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel has maintained an 'Outperform' rating on Etsy (NASDAQ:ETSY), but lowered the price target from $115 to $70.
November 02, 2023 | 4:21 pm
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Etsy's price target has been lowered from $115 to $70 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of Etsy's price target by Raymond James could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100