Wedbush Assumes Etsy (ETSY) at Neutral

October 13, 2016 7:11 AM EDT
Get Alerts ETSY Hot Sheet
Price: $12.60 +1.94%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Wedbush assumes coverage on Etsy (NASDAQ: ETSY) with a Neutral rating and a price target of $15.00 (from $13.00).

Analyst Aaron Turner commented, "We expect Etsy to grow above an accelerating ecommerce market for a few more quarters as its seller services penetrate the installed base. We believe the company’s current valuation reflects this growth outlook and remain NEUTRAL pending a better entry point and/or introduction of additional high-impact seller services."

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 $15.11 yesterday.

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