Citigroup Maintains Neutral on Etsy, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nicholas Jones maintains a Neutral rating on Etsy and lowers the price target from $65 to $54.
October 31, 2024 | 8:34 pm
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NEGATIVE IMPACT
Citigroup analyst Nicholas Jones has maintained a Neutral rating on Etsy, but has lowered the price target from $65 to $54, indicating a less optimistic outlook.
The lowering of the price target by Citigroup suggests a less optimistic view on Etsy's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100