Etsy price target raised to $65 from $60 at Bernstein

Bernstein raised the firm’s price target on Etsy (ETSY) to $65 from $60 and keeps a Market Perform rating on the shares. The firm says Etsy’s Q1 print offered a good start to the year with a gross merchandise sales beat and raise. Bernstein expects this to be followed by accelerated buybacks once the Depop acquisition closes.