Needham raised the firm’s price target on Etsy (ETSY) to $76 from $72 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s recent OpenAI partnership is a positive for the structural positioning of Etsy, and the firm continues to like its strategy positioning as e-commerce evolves, with AI driving their unique inventory and the better trajectory of GMS – gross merchandise sales – trends, the analyst tells investors in a research note.
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