Barclays raised the firm’s price target on Etsy (ETSY) to $62 from $60 and keeps an Equal Weight rating on the shares. The company’s Q3 beat on all key metrics and Q4 merchandise sales were guided above, but its EBITDA margin is “causing some agita,” the analyst tells investors in a research note. Barclays finds it encouraging that core Etsy “could tick back to positive growth.”
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