Raymond James Maintains Outperform on Etsy, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel maintains an Outperform rating on Etsy but lowers the price target from $72 to $65.
October 23, 2024 | 2:21 pm
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Raymond James analyst Rick Patel continues to rate Etsy as Outperform, indicating confidence in the company's performance, but has adjusted the price target down from $72 to $65, suggesting a more cautious outlook.
The Outperform rating suggests continued confidence in Etsy's performance, but the lowered price target indicates some caution about future growth or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100