BofA raised the firm’s price target on Etsy (ETSY) to $71 from $67 and keeps a Neutral rating on the shares. For FY25, the firm raised its GMS and EBITDA estimates both by 1% to $11.9B and $747M, respectively, citing core Etsy acceleration following the company’s Q2 report.
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Read More on ETSY:
- Etsy price target raised to $67 from $62 at UBS
- Etsy’s Growth Potential and Risks: A Hold Rating Amid Uncertain Market Dynamics
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- Etsy’s Uncertain Growth Prospects and Rising Costs Lead to Sell Rating
- Etsy price target raised to $60 from $52 at Barclays