DA Davidson analyst Tom Forte raised his price target on Etsy to $28 from $26 and kept his Buy rating following the company's Q4 earnings which "illustrated its power with strong sales growth and profitability". Forte states that Etsy operates "one of his favorite business models in consumer technology, adding that marketplace sales have accelerated last quarter to 15.6% from 11.2% in Q3. Longer term, the analyst points to the company's potential catalysts of improved mobile conversion, efforts to match buyers and sellers within one country, and the positive impact of a fresh management team.