Needham Reiterates Etsy (ETSY) Buy Recommendation
Nasdaq Fintel reports that on September 6, 2023, Needham reiterated coverage of Etsy (NASDAQ:ETSY) with a Buy recommendation.
Analyst Price Forecast Suggests 54.48% Upside
As of August 31, 2023, the average one-year price target for Etsy is 112.28. The forecasts range from a low of 46.46 to a high of $178.50. The average price target represents an increase of 54.48% from its latest reported closing price of 72.68.
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The projected annual revenue for Etsy is 2,783MM, an increase of 4.18%. The projected annual non-GAAP EPS is 2.89.
What is the Fund Sentiment?
There are 1395 funds or institutions reporting positions in Etsy. This is a decrease of 121 owner(s) or 7.98% in the last quarter. Average portfolio weight of all funds dedicated to ETSY is 0.18%, a decrease of 28.54%. Total shares owned by institutions decreased in the last three months by 6.91% to 137,598K shares. The put/call ratio of ETSY is 0.74, indicating a bullish outlook.