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Etsy Inc (NASDAQ:ETSY) should be able to retain the record-high new users added to its platform in 2020, while the recent acquisitions of Depop and Elo7 will expand the company’s total addressable market to include “new attractive categories, demographics and geographies,” according to Needham. The Etsy Analyst: Anna Andreeva initiated coverage of Etsy with a Buy rating and a price target of $250.
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