Morgan Stanley analyst Nathan Feather raised the firm’s price target on Etsy (ETSY) to $65 from $61 and keeps an Equal Weight rating on the shares following “another quarter” of accelerating growth with Q3 core GMS down just 2% year-over-year. However, a wide Q4 GMS guide gives limited clarity on go-forward growth while Q4 margin guidance “disappointed,” adds the analyst, who views key debates as “unresolved.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETSY:
- Etsy price target raised to $67 from $62 at MoffettNathanson
- Etsy price target raised to $70 from $60 at Piper Sandler
- Etsy price target raised to $80 from $75 at Truist
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Etsy Stock Slides as Josh Silverman Plans Exit and Kruti Patel Goyal Steps In