Wells Fargo Maintains Underweight on Etsy, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Etsy (NASDAQ:ETSY) and lowers the price target from $58 to $56.
June 25, 2024 | 11:08 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Ken Gawrelski maintains an Underweight rating on Etsy and lowers the price target from $58 to $56.
The Underweight rating and lowered price target from $58 to $56 by Wells Fargo suggest a bearish outlook on Etsy's stock. This is likely to negatively impact the stock price in the short term as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100