Morgan Stanley Maintains Underweight on Etsy, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Lauren Schenk has maintained an Underweight rating on Etsy (NASDAQ:ETSY) and reduced the price target from $55 to $52.
May 02, 2024 | 5:21 pm
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Morgan Stanley has maintained its Underweight rating on Etsy and lowered the price target from $55 to $52.
The reduction in price target by a major analyst like Morgan Stanley suggests a bearish outlook on Etsy's stock, likely due to concerns about the company's future performance. This could lead to a negative short-term impact on Etsy's stock price as market participants adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100