Etsy

Bank of America Securities raised its price target on Etsy (Nasdaq:ETSY) to $153 from $145 and maintained its neutral rating on the stock after the company reported fourth-quarter earnings that topped market expectations as revenue was boosted by GMS increments and higher pickup rates driven by site-wide improvements. The analyst reiterated its neutral rating on the stock because growth is expected to be below historical levels, which he believes could limit multiple expansions. But he added that he was encouraged by the expectation that new and reactivated buyers would drive sequential growth in active customers.