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.
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