There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Etsy Inc (NASDAQ: ETSY) and Red Robin Gourmet (NASDAQ: RRGB) with bullish sentiments.
Etsy Inc (NASDAQ: ETSY)
In a report released today, Tom Forte from Maxim Group reiterated a Buy rating on Etsy Inc (NASDAQ: ETSY), with a price target of $17. The company’s shares closed yesterday at $13.73.
Forte commented:
“After market close on Monday, in response to two investors reporting a combined 8% stake in the company, Etsy’s board and management issued a press release, indicating the following:.”
According to TipRanks.com, Forte is ranked 0 out of 5 stars with an average return of -8.2% and a 35.3% success rate. Forte covers the Services sector, focusing on stocks such as Burberry Group, Nordstrom Inc, and Overstockcom.
Etsy Inc has an analyst consensus of Hold, with a price target consensus of $13.05.
Red Robin Gourmet (NASDAQ: RRGB)
In a report released today, Stephen Anderson from Maxim Group reiterated a Buy rating on Red Robin Gourmet (NASDAQ: RRGB), with a price target of $80. The company’s shares closed yesterday at $58, close to its 52-week high of $60.90.
Anderson observed:
“We maintain our Buy rating on Red Robin Gourmet Burgers (RRGB) and raise our price target to $80 (from $75) following the company’s beat-and-raise 1Q17 (March) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.3% and a 67.1% success rate. Anderson covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Brinker International, and Buffalo Wild Wings.
Red Robin Gourmet has an analyst consensus of Moderate Buy, with a price target consensus of $62.25.
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