Etsy is a well-known online marketplace that allows people to buy and sell unique handmade and vintage items. The company has been growing rapidly in recent years, and its stock price has followed suit. Many investors are wondering what the Target price for Etsy stock is.
Etsy went public in 2015 at a price of $16 per share. Since then, the stock price has more than quadrupled, reaching a high of $87 in 2018. The company has been profitable for the past three years, but its stock price has been volatile.
In 2019, Etsy announced that it would be acquired by eBay for $4.5 billion.
The Target price for Etsy stock is difficult to determine. Some analysts believe that the stock is undervalued, while others think it is overvalued. Etsy’s future growth will largely depend on its ability to continue to attract new users and sellers to its platform.
Etsy’s current shareholders will receive $31 per share in the eBay deal. This represents a significant premium over the current stock price, which is around $24 per share. Analysts believe that this deal could be a positive for Etsy’s stock price in the long run.
Conclusion:
The Target price for Etsy stock is difficult to determine.
