BTIG analyst Marvin Fong raised the firm’s price target on Etsy to $137 from $119 and keeps a Buy rating on the shares. Post Black-Friday survey suggests that shoppers are more active on Etsy than even the company expected to be, the analyst tells investors in a research note. Fong adds that Etsy appears to be "tracking well" relative to the management’s GMV guidance of $3.6B-$4.0B.
Published first on TheFly
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