In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Etsy Inc (ETSY), with a price target of $58. The company’s shares closed yesterday at $67.24, close to its 52-week high of $73.35.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 21.3% and a 69.5% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Eventbrite Inc, and Alphabet Inc.
Etsy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $66, which is a -1.8% 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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The company has a one-year high of $73.35 and a one-year low of $26.54. Currently, Etsy Inc has an average volume of 3.15M.
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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. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments.
