Canaccord Genuity cuts Etsy stock price target on Q4 results
Canaccord Genuity has reduced its price target for Etsy (NASDAQ: ETSY) to $72 from $80, while maintaining a Buy rating, following the company's Q4 results. Despite the lowered price target, InvestingPro analysis indicates that Etsy is undervalued at its current trading price of $48.14, which is down 26% over the past six months. The report highlights Etsy's impressive 72% gross profit margin, $678 million in free cash flow, and positive outlook for its core marketplace.
https://www.investing.com/news/analyst-ratings/canaccord-genuity-cuts-etsy-stock-price-target-on-q4-results-93CH-4516309