Etsy: Jefferies maintains buy rating
(CercleFinance.com) - An analyst at Jefferies confirmed on Monday his "Buy" recommendation on Etsy, with the broker having raised its corresponding target price mid-week.
After an interview with management, the broker notes that "sales on Etsy remain elevated", even though "mask sales be waning". "Offsite Ads is a valuable service for sellers, given Etsy assumes the conversion risk and has the expertise to run a campaign across multiple channels; There is no viable alternative to Etsy for many sellers and Facebook Shops may supplement sales for sophisticated Etsy sellers."
Jefferies therefore confirms its target price of 110 dollars for the share (it closed at just under 80 dollars on Friday).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
After an interview with management, the broker notes that "sales on Etsy remain elevated", even though "mask sales be waning". "Offsite Ads is a valuable service for sellers, given Etsy assumes the conversion risk and has the expertise to run a campaign across multiple channels; There is no viable alternative to Etsy for many sellers and Facebook Shops may supplement sales for sophisticated Etsy sellers."
Jefferies therefore confirms its target price of 110 dollars for the share (it closed at just under 80 dollars on Friday).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.