Etsy (NYSE:ETSY) Given New $105.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities raised Etsy’s price target to $105 from $95 and maintained a “buy” rating, implying 13.61% upside from the previous close.
• Etsy reported stronger-than-expected quarterly results, with revenue of $692.47 million versus a $669.04 million consensus and EPS of $7.31 versus estimates of $0.76. Revenue increased 10.9% year over year.
• Despite several recent analyst upgrades, the broader analyst consensus remains “Hold,” with an average price target of $92.03; insiders have sold about $11.0 million of shares over the past three months.

Etsy (NYSE:ETSY - Get Free Report) had its target price hoisted by investment analysts at Rosenblatt Securities from $95.00 to $105.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities's target price suggests a potential upside of 13.61% from the stock's previous close.

ETSY has been the subject of a number of other reports. Zacks Research cut Etsy from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Seaport Research Partners raised shares of Etsy to a "buy" rating in a research report on Thursday, August 20th. Wells Fargo & Company raised their price objective on shares of Etsy from $61.00 to $76.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. Guggenheim reissued a "buy" rating on shares of Etsy in a research note on Thursday. Finally, Morgan Stanley upgraded shares of Etsy from an "underweight" rating to an "outperform" rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $92.03.

Etsy Stock Up 5.4%

ETSY opened at $92.42 on Thursday. Etsy has a 52 week low of $44.00 and a 52 week high of $94.49. The business has a fifty day simple moving average of $78.36 and a 200-day simple moving average of $67.92. The firm has a market cap of $8.77 billion, a P/E ratio of 51.63, a P/E/G ratio of 2.17 and a beta of 1.81.

Etsy (NYSE:ETSY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $6.55. The firm had revenue of $692.47 million for the quarter, compared to the consensus estimate of $669.04 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. Sell-side analysts expect that Etsy will post 3.94 earnings per share for the current year.

Insider Buying and Selling at Etsy

In related news, insider Richard Colburn, III sold 4,472 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $71.31, for a total value of $318,898.32. Following the transaction, the insider owned 6,503 shares of the company's stock, valued at $463,728.93. This represents a 40.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 417 shares of the firm's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $84.47, for a total value of $35,223.99. Following the completion of the sale, the insider owned 262,617 shares in the company, valued at approximately $22,183,257.99. This represents a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 133,251 shares of company stock valued at $10,966,499. Insiders own 2.50% of the company's stock.

Institutional Trading of Etsy

A number of institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Etsy during the 2nd quarter worth approximately $1,045,000. Ieq Capital LLC acquired a new position in Etsy during the second quarter worth approximately $4,083,000. Landscape Capital Management L.L.C. purchased a new stake in Etsy in the second quarter valued at approximately $6,466,000. Public Employees Retirement System of Ohio purchased a new stake in Etsy in the second quarter valued at approximately $2,144,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Etsy in the second quarter valued at approximately $18,602,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Revenue and earnings beat estimates: Third-quarter revenue rose 10.9% year over year to approximately $692.5 million, surpassing the roughly $669 million consensus. Reported EPS also exceeded expectations, although figures varied by measure; adjusted EPS was reported near $1.00, while GAAP EPS benefited from unusually large items. Why are Etsy shares soaring today
• Positive Sentiment: Marketplace activity improved: Gross merchandise sales increased 8.8% to about $2.6 billion, active buyers grew 1% to 88 million, and buyer growth turned positive for the first time in two years. Etsy said AI-powered personalization and improvements to the shopping experience helped support engagement. Etsy key takeaways
• Positive Sentiment: Profitability remained a major focus: Adjusted EBITDA reached approximately $210 million, representing a 30.4% margin. Investors rewarded the combination of improving platform growth and sustained margin strength. BTIG Research also raised its price target from $90 to $102 and maintained a buy rating. Etsy Q3 margin report
• Neutral Sentiment: AI strategy remains a balancing act: Etsy is expanding AI personalization while tightening rules against mass-produced or misleading AI-generated merchandise, seeking to preserve its handmade brand identity. The approach could improve trust but may increase enforcement and seller-management costs. Etsy CEO addresses AI and creativity
• Negative Sentiment: CFO transition adds uncertainty: CFO Lanny Baker will leave Etsy on March 1, 2027, although he is expected to remain as an adviser through July. The departure introduces some execution risk following a quarter that otherwise strengthened the investment case. Etsy leadership transition

About Etsy

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.

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