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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.
