Guggenheim analyst Seth Sigman maintained a Buy rating on Etsy (ETSY – Research Report) on February 25 and set a price target of $230.00. The company’s shares closed last Friday at $148.94.
According to TipRanks.com, Sigman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.2% and a 53.3% success rate. Sigman covers the Consumer Goods sector, focusing on stocks such as Revolve Group, Overstock, and thredUP.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Etsy with a $210.36 average price target, implying a 43.2% upside from current levels. In a report issued on February 10, Truist Financial also maintained a Buy rating on the stock with a $230.00 price target.
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The company has a one-year high of $307.75 and a one-year low of $109.38. Currently, Etsy has an average volume of 3.15M.
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Etsy, Inc. is an online marketplace for buyers and sellers, and operates in the United States, Canada, the United Kingdom, France, Germany and Australia. It mainly focuses on handmade or vintage items and craft supplies that include unique jewelry, on-trend clothing, bags, toys, art, home decor and furniture. In addition, the company offers several services to sellers including payment processing, advertising platform and shipping services.
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