
Etsy (ETSY) Stock Forecast & Price Target
Etsy (ETSY) Analyst Ratings
Bulls say
Etsy has exhibited notable financial performance, with consolidated gross merchandise volume (GMS) projected at $12.5 billion for 2024, demonstrating the company's substantial presence in the e-commerce marketplace. The firm achieved a year-over-year revenue growth of 6.1%, excluding the impact of Reverb, alongside a significant increase in Reactivated Buyers, which rose by 3.8% to 6.6 million. Additionally, Etsy's US GMS surged by 59% year-over-year, supported by a strong performance from its subsidiary Depop, which experienced a GMS increase of 39.4% year-over-year, highlighting robust growth opportunities across its marketplace segments.
Bears say
Etsy has experienced a decline in Total Active Buyers for five consecutive quarters, with a year-over-year decrease of 4% to 93.2 million. Furthermore, Depop's margins have contracted as investments in brand marketing are anticipated to continue affecting profitability, contributing to an overall expected 5% decline in EBITDA estimates. The company's underperformance relative to overall US e-commerce growth is attributed to persistent weaknesses in key categories, particularly home decor, compounded by 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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