Etsy price target raised to $150 from $125 at Truist

Truist analyst Naved Khan raised the firm’s price target on Etsy to $150 from $125 and keeps a Buy rating on the shares. The analyst cites the company’s stronger than expected Q4 results and a Q1 outlook that points to further normalization. The firm added that Etsy’s guide is also "appropriately conservative" given potential risks to consumer spend from high inflation, rising rates, weak macro and currency headwinds.