Truist Securities Maintains Buy on Etsy, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Naved Khan has maintained a Buy rating on Etsy (NASDAQ:ETSY) but lowered the price target from $87 to $85.

February 22, 2024 | 5:52 pm
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Truist Securities maintains a Buy rating on Etsy but lowers the price target from $87 to $85.
The adjustment in price target by Truist Securities reflects a slight modification in their valuation assessment of Etsy, likely due to updated market conditions or company performance insights. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals and growth prospects. The impact on the stock price may be neutral to slightly negative in the short term as the market digests the lower price target, but the Buy rating suggests underlying strength.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100