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Fly News Breaks for December 17, 2018
ETSY
Dec 17, 2018 | 06:33 EDT
Loop Capital analyst Laura Champine raised her price target for Etsy to $70 from $57, which represents over 25% upside potential from current levels, and reiterates a Buy rating on the shares. Improvements to the company's buyer experience and marketing investments should drive buyers' frequency in multiples of the current one time per year over time, Champine tells investors in a research note. Etsy to become a better marketer as it gains experience in a broader array of vehicles versus primarily marketing via paid search under previous management, adds the analyst.
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