Etsy price target raised to $74 from $72 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Etsy (ETSY) to $74 from $72 and keeps a Neutral rating on the shares. Etsy highlighted improvements in machine-learning-based discovery and a streamlined seller listing process that aim to enhance buyer and seller experiences and support future GMS growth, the analyst tells investors in a research note.