BNP Paribas Exane Starts Etsy (ETSY) at Neutral

BNP Paribas Exane analyst Nick Jones initiates coverage on Etsy (NASDAQ: ETSY) with a Neutral rating, PT $60.00.

The analyst comments "Etsy is a unique online marketplace helping consumers find custom products across a variety of verticals. However, after seeing robust growth during the pandemic, it is unclear how the company will improve frequency and conversion from here as it undertakes an innovation cycle aiming to do just that. We are initiating coverage of Etsy with a Neutral rating and a $60 price target."

For an analyst ratings summary and ratings history on Etsy click here. For more ratings news on Etsy click here.

Shares of Etsy closed at $68.73 yesterday.

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