Etsy price target raised to $126 from $120 at Truist

Truist raised the firm’s price target on Etsy to $126 from $120 and keeps a Buy rating on the shares. The analyst cites the company’s “solid” Q2 results and guidance that shows continued normalization in the business, the analyst tells investors in a research note. The guide is “appropriately conservative” given potential risks to consumer spend from high inflation, rising rates, weak macro and FX, the firm adds.