Is Etsy Stock Going to $60? 1 Wall Street Analyst Thinks So
Etsy(ETSY) The Motley Fool·2024-04-04 21:05
Etsy is still struggling to grow sales on its e-commerce platform.Online marketplace Etsy (ETSY -0.05%) is struggling to grow in the post-pandemic world. Wells Fargo analyst Ken Gawrelski became a bit more pessimistic on Thursday, maintaining his underperform rating and dropping his price target for the stock from $62 to $60. This new price target represents a potential downside of about 8% over the next 12 months or so.Treading waterEtsy gained customers during the pandemic as consumers shifted spending on ...