Etsy (ETSY) PT Lowered to $55 at Needham

Needham analyst Bernie McTernan lowered the price target on Etsy (NASDAQ: ETSY) to $55.00 (from $60.00) while maintaining a Buy rating.

The analyst commented: 'We reiterate our Buy rating on ETSY and lower our PT to $55 on lowered estimates and slightly lower target multiple amid the economic uncertainty. While ETSY is less exposed than others in our ecommerce to tariffs, they would likely not be immune from a secondary impact of a weaker consumer, creating significant uncertainty in our estimates and therefore the stock. We continue like ETSY's growth initiatives to offset consumer weakness including leaning in on the app which they can extract more data from to leverage a better in-app experience and personalized marketing."

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