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Roth Still Selling Etsy Despite Pattern Launch

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Shares of Etsy Inc ETSY 2.78% were trading up roughly 1.8 percent on Wednesday afternoon, even though Roth Capital reiterated a Sell rating and $6.00 price target on the stock. Analyst Darren Aftahi explained that, while the addition of Pattern to the company’s seller services portfolio could help create a new recurring revenue stream and, consequently, GMS (gross merchandise sales) growth, the service’s field is...