BUZZ-Etsy slips as BTIG downgrades stock to 'neutral' on limited upside

Etsy, Inc.

Etsy, Inc.

ETSY

0.00

** Online marketplace Etsy ETSY.N falls ~4% to $82.71 premarket after brokerage BTIG downgrades stock to "neutral" from "buy"

** Says stock exceeded prior $78 PT by 10%, strong run has left valuation fair, with limited upside from current levels

** Some of co's recent outperformance was helped by short covering and rotation out of AI stocks, despite fundamental improvement, BTIG says

** 10 out of 31 brokerages rate the stock "buy" or higher, 20 "hold" and one "sell"; their median PT is $75, according to data compiled by LSEG

** Up to last close, stock up nearly 55% YTD




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