Etsy Inc (ETSY) Gets a Buy Rating from Roth Capital


Roth Capital analyst Darren Aftahi maintained a Buy rating on Etsy Inc (ETSY) today and set a price target of $76. The company’s shares opened today at $64.32.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.9% and a 52.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Etsy Inc with a $72.44 average price target, representing a 12.6% upside. In a report issued on July 1, Needham also initiated coverage with a Buy rating on the stock with a $75 price target.

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Based on Etsy Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $31.56 million. In comparison, last year the company had a net profit of $3.38 million.

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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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