Etsy price target raised to $87 from $82 at Truist

Truist raised the firm’s price target on Etsy to $87 from $82 and keeps a Buy rating on the shares. Truist Card Data is showing that domestic GMS is tracking slightly ahead of the firm’s and the consensus expectations for Q4, the analyst tells investors in a research note. The firm added that while Etsy is currently lagging U.S. e-Commerce growth due to its exposure to weaker segments like Home and Living, it also sees the company as well-positioned to return to positive growth as these categories rebound.