Analysts Are Bullish on These Services Stocks: BABA, ETSY


There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Alibaba Group (NYSE: BABA) and Etsy Inc (NASDAQ: ETSY) with bullish sentiments.

Alibaba Group (NYSE: BABA)

KeyBanc analyst Hans Chung maintained a Buy rating on Alibaba Group (NYSE: BABA) today and set a price target of $235. The company’s shares closed on Friday at $188.89.

According to TipRanks.com, Chung is a 3-star analyst with an average return of 6.3% and a 52.6% success rate. Chung covers the Services sector, focusing on stocks such as BEST Inc, Vipshop, and JD.com.

Currently, the analyst consensus on Alibaba Group is Strong Buy and the average price target is $236.54, representing a 25.2% upside.

In a report issued on April 27, RBC Capital also reiterated a Buy rating on the stock with a $220 price target.

Find more picks by Best Performing Analysts >>

Etsy Inc (NASDAQ: ETSY)

In a report released today, Edward Yruma from KeyBanc maintained a Buy rating on Etsy Inc (NASDAQ: ETSY), with a price target of $34. The company’s shares closed on Friday at $30.59, close to its 52-week high of $31.27.

According to TipRanks.com, Yruma is a 4-star analyst with an average return of 6.4% and a 58.5% success rate. Yruma covers the Services sector, focusing on stocks such as Qurate Retail Group Inc, Urban Outfitters, and Tiffany & Co.

Currently, the analyst consensus on Etsy Inc is Moderate Buy and the average price target is $28.43, representing a -7.1% downside.

In a report issued on May 1, D.A. Davidson also maintained a Buy rating on the stock with a $35 price target.

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