Canaccord raised the firm’s price target on Etsy (ETSY) to $68 from $62 and keeps a Buy rating on the shares. The firm previewed Q2 earnings and notes Etsy shares continue to trade at valuations that reflect limited optimism around the macro backdrop. Canaccord said despite lingering tariffrelated uncertainty, the US consumer remains resilient, with hard and soft economic data continuing to edge up.
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