Etsy price target lowered to $65 from $74 at BTIG

BTIG analyst Marvin Fong lowered the firm’s price target on Etsy (ETSY) to $65 from $74 and keeps a Buy rating on the shares. While stating that Etsy posted “solid results,” highlighted by better-than-expected buyer growth and a return to GMS growth at core Etsy, the firm is adjusting its price target on lower sector valuations.