Follow Etsy to never miss an important update.
UBS raised its target price for the stock to $100 from $86, though it kept its rating at neutral. This move suggests the firm sees some room for the stock to rise from its current level of about $89, but isn't yet ready to recommend buying it outright. Other analysts have also been adjusting their views, bringing the average target across all firms to about $94. These tweaks usually follow a company's latest earnings report as analysts update their models to reflect the newest sales and profit trends.
Source: UBS
Wells Fargo nudged its price target up to $80 from $59 following the company's latest results. Even with the higher target, the firm kept its underweight rating, a signal that it still sees better places for investors to put their money. This target is lower than the $94 average across all analysts who follow the stock. While the company recently showed signs of a turnaround with growing buyer counts, this cautious view suggests some analysts still worry about competition or how much shoppers will spend on non-essential handmade goods. For now, the stock is trading a bit above this specific target.
Source: Wells Fargo
After Etsy reported its October results, we raised our quality score to 4.0. We moved our rating to Watch and increased our projections for the number of people who buy on the site. We now assume the company will keep a larger cut of every sale made on its platform. We have added the risk of a senior leader leaving the business and the use of artificial intelligence in search engines to what we track.
Etsy reported third-quarter earnings of $1 per share on revenue of $690 million, both of which topped what Wall Street analysts were looking for. Management noted that the business is seeing better performance as it focuses on making the site more personalized and helping shoppers find high-quality, handmade items.
This result is a good sign for the company's plan to focus entirely on its core marketplace after selling off smaller brands like Depop. By making search results more relevant to individual buyers, Etsy is trying to prove it can grow its sales without losing the unique, human-centered feel that separates it from giant retailers like Amazon.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Charles (Lanny) Baker will leave his role as Chief Financial Officer on March 1, 2027. He has agreed to stay on as an advisor through July to help with the transition while the company searches for a successor.
Because this is a planned departure with a long lead time and a transition period, it suggests an orderly handover rather than a sudden shift in strategy. Baker has been a key part of the leadership team during Etsy's recent efforts to sell off secondary businesses and refocus on its main marketplace.
Source: 8-K filing
Management has beaten expectations for five straight quarters, showing they have a firm handle on the business and are setting targets they can consistently over-deliver on.
| Expectation | |
|---|---|
| EPS | $1.37 |
| Revenue | $897M |