- Jefferies analyst John Colantuoni raised the price target on Etsy Inc ETSY to $265 from $220, implying a 21.8% upside, and reiterated a Buy.
- While Colantuoni believes that a combination of potential upside to consensus GMS and a 25%+ 3-yr EBITDA CAGR will lead to long-term outperformance, a current near-peak multiple may keep the stock range-bound until year-end when the market starts addressing valuation on 2023 EBITDA.
- Price Action: ETSY shares traded lower by 0.34% at $216.91 in the market session on the last check Tuesday.
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