Etsy price target raised to $67 from $63 at Barclays

Barclays raised the firm’s price target on Etsy to $67 from $63 and keeps an Equal Weight rating on the shares. The company’s Q4 came in ahead but Q1 merchandise sales guide of low single digit declines came up short, the analyst tells investors in a research note. The firm thinks macro and competitive pressures need to ease for Etsy’s sales trends to improve meaningfully.