Sim415
2022-06-03
Wooookooo//@daz88888888:$Etsy(ETSY)$The shares of Etsy Inc (NASDAQ: ETSY) have received a $105 price target from Bernstein. And Bernstein analyst Nikhil Devnani initiated coverage of Etsy with an “Outperform” rating. Devnani adjusted the rating while noting that the company faces near-term challenges as the core marketplace goes ex-growth in the second quarter, but the stock remains one of his favorite companies in the group on a longer time horizon due to its unique merchandise and network effects producing a powerful combination. Plus Devnani pointed out that even with 95 million buyers, Etsy can continue to re-engage lapsed shoppers and acquire new ones.
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