Shares of Etsy Inc (NASDAQ:ETSY) tanked in early trading on Thursday after the company reported mixed second-quarter results.
Here are some key analyst takeaways.
- Cantor Fitzgerald analyst Deepak Mathivanan maintained a Neutral rating, while raising the price target from $52 to $64.
- Needham analyst Bernie McTernan reaffirmed a Buy rating, while lifting the price target from $55 to $72.
Check out other analyst stock ratings.
Cantor Fitzgerald: Etsy reported its quarterly gross merchandise sales (GMS) and EBITDA above Street estimates by 2% and 4%, respectively, Mathivanan said in a note. While declines at core Etsy moderated …