Etsy price target raised to $65 from $63 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on Etsy (ETSY) to $65 from $63 and keeps a Neutral rating on the shares. Etsy’s return to growth is “encouraging” and divesting non-core assets should help focus on accelerating core GMS, but its growth remains below the industry and uncertainty around the long-term impact of agentic AI on onsite advertising and promoted listings could continue to weigh on sentiment, the analyst tells investors.