
Etsy (ETSY) Stock Forecast & Price Target
Etsy (ETSY) Analyst Ratings
Bulls say
Etsy has demonstrated robust financial performance, with revenue growth of 6.1% year-over-year when excluding the impact of a prior asset sale. The company's Gross Merchandise Sales (GMS) have shown significant upward momentum, particularly with a remarkable 59% year-over-year increase in the U.S. market and strong growth in new user sign-ups in Australia exceeding 100% year-over-year. Additionally, Etsy's subsidiary Depop reported a 39.4% year-over-year growth in GMS, highlighting the firm’s effective expansion strategies and potential for revenue enhancement through improved advertising and payment services.
Bears say
Etsy has experienced a notable decline in Total Active Buyers, with a 4% year-over-year decrease to 93.2 million, marking the fifth consecutive quarter of reduced buyer activity. The company's margin for Depop has also seen a sequential decline as it invests heavily in brand marketing to stimulate growth, contributing to a projected 5% drop in EBITDA estimates. Furthermore, Etsy's performance lags behind overall US e-commerce growth, attributed to weakness in key categories like home decor and the discretionary nature of its product offerings.
This aggregate rating is based on analysts' research of Etsy and is not a guaranteed prediction by Public.com or investment advice.
Etsy (ETSY) Analyst Forecast & Price Prediction
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