Etsy price target raised to $80 from $75 at Truist

Truist analyst Youssef Squali raised the firm’s price target on Etsy (ETSY) to $80 from $75 and keeps a Buy rating on the shares as the firm argues that Q3 results and the Q4 outlook show that Etsy is “making steady progress” towards inflecting its GMS growth positively. In addition, Etsy has so far navigated tariffs successfully and is seeing green shoots from its early ChatGPT integration, the analyst tells investors in a post-earnings note.