Morgan Stanley analyst Nathan Feather raised the firm’s price target on Etsy (ETSY) to $65 from $61 and keeps an Equal Weight rating on the shares following “another quarter” of accelerating growth with Q3 core GMS down just 2% year-over-year. However, a wide Q4 GMS guide gives limited clarity on go-forward growth while Q4 margin guidance “disappointed,” adds the analyst, who views key debates as “unresolved.”
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