JMP Securities Starts 1stdibs.com (DIBS) at Market Outperform

JMP Securities analyst Ronald Vosey initiates coverage on 1stdibs.com (NASDAQ: DIBS) with a Market Outperform rating and a price target of $31.00.

The analyst comments "Underscoring our Market Outperform rating is our view that 1stdibs has among the highest quality and most differentiated supply of luxury design goods online and that the platform has multiple catalysts ahead including category expansion, international, and seller ads, among others. Thirty-four percent of sellers rely on 1stdibs as their primary sales channel, seller GMV retention is 100%+, and we believe the marketplace can materially expand its ~65,000 active buyers over time."

For an analyst ratings summary and ratings history on 1stdibs.com click here. For more ratings news on 1stdibs.com click here.

Shares of 1stdibs.com closed at $25.79 yesterday.

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