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Jefferies Thinks Etsy’s Stock is Going to Recover

Jefferies analyst John Colantuoni maintained a Buy rating on Etsy (ETSYResearch Report) on May 31 and set a price target of $115.00. The company’s shares closed last Friday at $75.84, close to its 52-week low of $68.40.

According to TipRanks.com, Colantuoni is ranked 0 out of 5 stars with an average return of -25.3% and a 21.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Etsy with a $132.47 average price target, representing a 65.7% upside. In a report issued on June 1, JMP Securities also initiated coverage with a Buy rating on the stock with a $125.00 price target.

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Etsy’s market cap is currently $9.64B and has a P/E ratio of 25.21.

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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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