Truist Securities Maintains Buy on Etsy, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Etsy but lowered its price target from $76 to $70.
October 31, 2024 | 5:43 pm
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Truist Securities has maintained its Buy rating on Etsy, indicating continued confidence in the company's prospects. However, the price target has been lowered from $76 to $70, suggesting a more cautious outlook on its short-term valuation.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in Etsy's stock. However, the reduction in the price target reflects a more conservative view on its near-term performance, possibly due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100