Raymond James analyst Rick Patel raised the firm’s price target on Etsy (ETSY) to $70 from $50 and keeps an Outperform rating on the shares. The firm’s checks indicate quarter over quarter improvement in demand signals, including website visits, Google searches, and mobile app data, which the firm attributes to near-term GMS driving initiatives gaining traction, which bodes well for the second half, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETSY:
- Etsy’s Balanced Outlook: Modest Growth Amid Competitive Challenges and Emerging AI Impact
- Verizon reports Q2 beat, Block to join S&P 500: Morning Buzz
- Target downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls
- Etsy price target raised to $62 from $45 at UBS
- Etsy’s Hold Rating: Balancing Risk-Reward Amid Growth Challenges and Strategic Shifts