Etsy (ETSY) PT Rises To $64 Ahead Of Earnings At Roth

Roth Capital analyst, Darren Aftahi, reiterated his Buy rating on shares of Etsy (NASDAQ: ETSY) and raised his price target to $64 from $52 after Shopify’s 4Q report (along with ecommerce growth rates) points to healthy growth for SMB, which the analyst believes is a positive leading
indicator for ETSY’s 4Q results due out on 2/25.

The analyst stated "Heading into 2019, ETSY will be positively “comping” its price increase (1H19). As such, the unknown in our view is how much reinvestment and brand spend will occur, and will 2019 guidance skew more towards meaningful operating leverage, continued reinvestment for growth".

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 $55.04 yesterday.

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