Fly News Breaks for February 27, 2020
Feb 27, 2020 | 07:50 EDT
Loop Capital analyst Laura Champine raised the firm's price target on Etsy to $75 from $70 and keeps a Buy rating on the shares. The analyst cites the company's accelerated GMS growth to 33% from 30% and slightly higher adj. EBITDA result in Q4. Champine further points to Etsy's promoted listings program changing once again and believes that the changes will be EBITDA accretive. The analyst believes that investors should continue to buy into Etsy's strength given its long-term growth prospects.
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