Raymond James Just Lifted Etsy's Target to $75. Has This Beaten-Down E-Commerce Name Finally Bottomed?

Raymond James analyst Rick Patel raised Etsy’s price target by 25% to $75 from $60 while maintaining an Outperform rating. The note is supportive for sentiment, signaling improved expectations for the struggling e-commerce stock. This is likely to influence shares modestly, but it is analyst commentary rather than a new operating update.

Analysis

Raymond James analyst Rick Patel raised Etsy’s price target by 25% to $75 from $60 while maintaining an Outperform rating. The note is supportive for sentiment, signaling improved expectations for the struggling e-commerce stock. This is likely to influence shares modestly, but it is analyst commentary rather than a new operating update.