Etsy (ETSY) PT Raised to $80 at Cantor Fitzgerald Ahead of Q2 Results

Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on Etsy (NASDAQ: ETSY) to $80.00 (from $66.00) while maintaining a Neutral rating.

The analyst commented, "ETSY is likely to report 2Q GMS slightly above the high end of prior guidance range, indicating a slight acceleration vs 1Q despite lower FX tailwinds. Looking to 3Q, the company is likely to bracket current street estimates of 2% y/y comfortably despite tougher comps and FX benefits moderating further. "

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