Etsy Inc (ETSY) Gets a Hold Rating from RBC Capital


RBC Capital analyst Mark Mahaney reiterated a Hold rating on Etsy Inc (ETSY) on March 8 and set a price target of $60. The company’s shares closed yesterday at $71.15, close to its 52-week high of $73.35.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 23.7% and a 66.9% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Trade Desk Inc, and Eventbrite Inc.

Etsy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $69.25, a -2.7% downside from current levels. In a report issued on February 26, Wedbush also reiterated a Hold rating on the stock with a $60 price target.

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Etsy Inc’s market cap is currently $8.52B and has a P/E ratio of 117.22. The company has a Price to Book ratio of 21.26.

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Etsy, Inc. engages in the management of an online marketplace. It operates a technology platform which allows sellers to manage and scale their business. The company offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments.

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