Truist raised the firm’s price target on Etsy (ETSY) to $60 from $55 and keeps a Buy rating on the shares. The firm’s Truist Card Data shows that Marketplace revenue quarter-to-date is tracking ahead of consensus estimates, while the company’s acceleration in monthly active user growth is now at the highest level seen in 22 months, the analyst tells investors in a research note. The tariff situation remains fluid, but Etsy’s exposure to the potential elimination of the de minimis exemption remains manageable, Truist added.
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