Etsy (ETSY) Introduces New Tools, Revises Transaction Fee Structure, and Updates Guidance

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Go back to Etsy (ETSY) Introduces New Tools, Revises Transaction Fee Structure, and Updates Guidance

Etsy (ETSY) PT Raised to $42 at RBC Capital on Pricing Model Changes

June 15, 2018 6:52 AM EDT

RBC Capital analyst Mark Mahaney raised his price target on Etsy (NASDAQ: ETSY) to $42.00 (from $30.00) while maintaining a Sector Perform rating.

Mahaney said the pricing model changes imply greater confidence in fundamentals. Changes include: 1) an increase in transaction fees to 5% (up from 3.5% prior); 2)... More