Needham lowered the firm’s price target on Etsy to $85 from $130 but keeps a Buy rating on the shares. The company’s Q3 results showed a slight beat, as the number of U.S. buyers was up for the first time in 7 quarters, though moderation in GMS seen at the end of September continued into October and monthly compares get tougher from here, the analyst tells investors in a research note.
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