Etsy price target raised to $115 from $98 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Etsy to $115 from $98 and keeps an Equal Weight rating on the shares. The company reported a Q4 beat across all key metrics, but Q1 gross merchandise sales guidance fell a bit short as choppiness in February is informing a more cautious outlook near-term, while a material recovery in growth later in the year is less clear, the analyst tells investors in a research note.