BofA raised the firm’s price target on Etsy (ETSY) to $75 from $71 and keeps a Neutral rating on the shares. The firm, which forecasts Q3 sales of $661M, about 1% above the Street, applies a higher multiple given strength in recent data points as well as a growing opportunity it sees for Etsy in Agentic commerce.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETSY:
- OpenAI’s ChatGPT Gets Cozy with Spotify, Zillow, Coursera, Other Apps – Their Stocks Love It
- OpenAI Is Now Moving Markets Like Apple and Nvidia despite Being a Private Firm
- Trump announces lumber tariffs, Exxon Mobil to cut 2,000 jobs: Morning Buzz
- Etsy falls -10.2%
- Etsy falls -7.8%