JMP Securities Thinks Etsy’s Stock is Going to Recover

In a report released today, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Etsy (ETSYResearch Report), with a price target of $125.00. The company’s shares closed last Wednesday at $95.50, close to its 52-week low of $67.01.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 15.4% and a 50.4% success rate. CFA covers the Technology sector, focusing on stocks such as Opendoor Technologies, Zillow Group Class A, and Offerpad Solutions.

Currently, the analyst consensus on Etsy is a Moderate Buy with an average price target of $111.72, which is a 15.6% upside from current levels. In a report issued on July 15, Stifel Nicolaus also maintained a Buy rating on the stock with a $125.00 price target.

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The company has a one-year high of $307.75 and a one-year low of $67.01. Currently, Etsy has an average volume of 5.14M.

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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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