Etsy price target raised to $83 from $80 at Truist

Truist raised the firm’s price target on Etsy (ETSY) to $83 from $80 and keeps a Buy rating on the shares. The company’s Q4 results and Q1 outlook show that Etsy is making steady progress towards sustainable positive Gross Merchandise Sales growth through improvements in Search, AI-powered discovery & recommendation, marketing efficiency and greater focus on app usage, the analyst tells investors in a research note.