Truist Securities: Raised Etsy (Nasdaq:ETSY) price target to $150 Maintain Buy rating

Truist Securities analyst Naved Khan raised Etsy’s (Nasdaq:ETSY)  price target to $150 from $125 and maintained a buy rating on the stock. The company posted stronger-than-expected fourth-quarter results and provided a further normalized first-quarter outlook. The analyst added that Etsy’s guidance is also “more conservative” given the potential risks to consumer spending from high inflation, rising interest rates, macro weakness and currency headwinds.

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