Oppenheimer analyst Jason Helfstein raised the firm’s price target on Etsy to $150 from $125 and keeps an Outperform rating on the shares. Similarweb site visits +7% y/y is higher than Q3’s +3%, while conversions to payment sites trended -17% y/y similar to Q3 and Q2, suggesting GMS largely in line with consensus/guidance, the analyst tells investors in a research note.
Published first on TheFly
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