Wells Fargo raised the firm’s price target on Etsy (ETSY) to $41 from $40 and keeps an Underweight rating on the shares. The firm says it is tempting to become more constructive as comparable sales ease in Q3, but is seeking signs of continued GMS improvement as tariff relief could lead to reinvigorated competitive intensity, especially from cross-border players PDD‘s (PDD) Temu and Shein.
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