Truist Lifts Etsy Price Target Amid Surge in User Growth
From Yahoo Finance: 2025-06-29 13:28:00
Etsy, Inc. (NASDAQ: ETSY) is highlighted as one of the best consumer cyclical stocks to buy, with Truist Securities maintaining a Buy rating and increasing its price target to $60 from $55. Truist Card Data showed that Etsy’s Marketplace revenue is exceeding forecasts, leading to the price target rise. Additionally, there has been a surge in monthly active users, with growth activities and increased marketing effectiveness contributing to the company’s success. Etsy operates online marketplaces such as Reverb, Depop, and Elo7, in addition to its main platform specializing in unique and creative products. Investors looking for AI stocks with upside potential may find better options than ETSY.
Read more at Yahoo Finance: Truist Lifts Etsy Price Target Amid Surge in User Growth