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

Etsy

16/07/2026 13:19

** 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



 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))