Wedbush Maintains Neutral on Etsy, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has maintained a Neutral rating on Etsy (NASDAQ:ETSY) but increased the price target from $60 to $90.
December 14, 2023 | 1:24 pm
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POSITIVE IMPACT
Wedbush analyst Seth Basham maintains a Neutral rating on Etsy but raises the price target from $60 to $90, indicating a potential upside from the previous target.
The increase in price target from $60 to $90 by a reputable analyst suggests a positive outlook on Etsy's stock value in the short term. While the rating remains Neutral, the significant raise in target price could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100