Follow Etsy to never miss an important update.
BTIG raised its rating on the company to buy on Friday, setting a target price of $90. This follows a similar move from Oppenheimer earlier in the week. Analysts are increasingly focused on the company's ability to grow its main marketplace after selling off smaller, less profitable side businesses.
The upgrade suggests more confidence that the company can keep its share of the craft and unique goods market even as bigger retailers compete for shoppers. The new $90 target is about 24 percent higher than where the stock is trading now, and it brings the average target across all Wall Street firms to $86.
Source: BTIG
Oppenheimer upgraded the stock to its version of a buy rating, setting a price target of $90. This suggests the stock could rise about 22 percent from its current level. The firm's move is more optimistic than the average analyst target of $85.
This upgrade comes as the company refocuses on its main platform after selling off secondary businesses like Depop. The analysts appear to see a clearer path for the company to grow its sales and keep its high take rate, which is the percentage of each sale Etsy keeps as revenue. For a long-term owner, this shift in analyst sentiment supports the view that the company's leaner strategy is starting to look more credible to Wall Street.
Source: Oppenheimer
Etsy is partnering with Remitly, a company that handles digital money transfers, to expand its payment platform in 15 countries. This gives sellers in those regions more flexibility in how they receive money from their sales.
Making it easier for international sellers to get paid is a small but useful step in keeping the platform attractive. As Etsy focuses on growing its core marketplace, reducing friction for the people who actually supply the goods helps ensure the site remains the go-to home for unique and handcrafted items.
Source: GlobeNewsWire
BofA Securities upgraded the stock to a Buy rating on Thursday. This change comes as the company finishes selling off secondary businesses like Depop and Reverb to focus entirely on its main handmade-goods site.
This is a major call from a widely followed firm. It suggests that the plan to simplify the business is winning over professional analysts. The average price target across all firms now sits at $85, which is a few dollars higher than where the stock is trading today.
Etsy filed a report with the SEC to disclose it has entered into a material agreement, which is a formal contract significant enough to affect the company's business or finances. While the filing marks the agreement as important, the specific details regarding the partner or the financial impact were not immediately released. We will monitor for further details to see if this involves a new technology partnership or a change to its financial structure.
Source: 8-K filing
Management has found its footing after a rocky 2025. Four straight quarters of growing beats suggest they have a much better handle on the business now that they have shed side projects.
| Expectation | |
|---|---|
| EPS | $1.31 |
| Revenue | $668M |