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Jefferies analyst John Colantuoni raised the price target on Etsy Inc (NASDAQ:ETSY) to $265 from $220, implying a 21.8% upside, and reiterated a Buy. While Colantuoni believes that a combination of potential upside to consensus GMS and a 25%+ 3-yr EBITDA CAGR will lead to long-term outperformance, a current near-peak multiple may keep the stock range-bound until year-end when the market starts addressing valuation on 2023 EBITDA.
...read full article on Benzinga
