10:25 AM EDT, 04/04/2024 (MT Newswires) -- Etsy ( ETSY ) is likely to generate "significant, multiyear upside" for investors, Elliott Investment Management's managing partner Jesse Cohn said Wednesday, Reuters reported on the same day.

Elliott owns more than 10% stake in Etsy ( ETSY ), which has potential to attract more buyers and get more sales, Cohn said at the Sohn Conference in New York, according to the report.

Etsy ( ETSY ) did not immediately respond to a request for comment by MT Newswires.

The company's shares were about 3% higher in recent trading Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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