Etsy price target lowered to $100 from $115 at Barclays

Barclays lowered the firm’s price target on Etsy to $100 from $115 and keeps an Equal Weight rating on the shares ahead of the Q1 results. Multiples in SMID cap e-commerce are mostly lower since last quarter, directionally consistent with estimates, the analyst tells investors in a research note. Investor sentiment is subdued for apparel and marketplace names alike, says the firm. It sees see some risk to Etsy’s Q2 gross merchandise sales guide.