Etsy (NASDAQ:ETSY) Price Target Cut to $90.00

Etsy NASDAQETSY is a specialty retailer that operates an online marketplace for handmade and vintage goods. The company's stock has been listed on the NASDAQ Global Select Market under the ticker symbol "ETSY" since 2015.

On Thursday, Evercore ISI, a global investment banking firm, issued a research report on Etsy NASDAQETSY and lowered its target price from $95.00 to $90.00. The brokerage currently has an "outperform" rating on the stock, indicating that it believes the stock will outperform the broader market.

Evercore ISI's price target would indicate a potential upside of 21.65% from the stock's previous close. This means that if the stock were to reach its new target price, it would be trading at a higher price than its current market value.

It is important to note that Evercore ISI's research report and price target are just one analyst's opinion and may not necessarily reflect the views of other investors or financial institutions. Additionally, there are many factors that can affect a stock's price, including company performance, industry trends, and broader market conditions.