Fly News Breaks for March 2, 2020
Mar 2, 2020 | 07:40 EDT
Citi analyst Nicholas Jones raised the firm's price target on Etsy to $75 from $65 and keeps a Buy rating on the shares. The analyst updated his model post the company's Q4 results to reflect its updated guidance and trends. Jones believes Etsy valuation warrants a premium valuation relative to peers due to its revenue growth relative to its profitability.
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