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Wajeeh Khan

This Analyst Just Upgraded Etsy Stock. Here's Why.

Etsy Jason Helfstein Oppenheimer

Oppenheimer analyst Jason Helfstein believes the recent pullback in Etsy (ETSY) is an opportunity to load up on a quality name at a discount. In a research note this morning, Helfstein upgraded the e-commerce marketplace to “Outperform” and assigned a $90 price target, which signals potential upside of about 20% from here.

Despite the recent selloff, ETSY shares currently sit about 25% above the price at which they started this year.

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