Etsy price target raised to $64 from $60 at Morgan Stanley

Morgan Stanley analyst Nathan Feather raised the firm’s price target on Etsy (ETSY) to $64 from $60 and keeps an Equal Weight rating on the shares. Etsy returned to mid-single digit growth for the first time since 2021, but the firm asks “can that persist?” Temporary uplifts from pricing and macro factors “may be bigger contributors than the market expects,” the analyst added.