BTIG Maintains Buy on Etsy, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Marvin Fong maintains a Buy rating on Etsy (NASDAQ:ETSY) but lowers the price target from $87 to $78.

May 02, 2024 | 5:46 pm
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NEUTRAL IMPACT
BTIG maintains a Buy rating on Etsy but lowers the price target from $87 to $78.
While the reduction in the price target could suggest a tempered outlook on Etsy's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and long-term growth prospects. This mixed signal could lead to a neutral short-term impact on Etsy's stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100