Etsy (NYSE:ETSY) Given New $80.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised Etsy’s price target from $59 to $80 but maintained an “underweight” rating, implying 12.59% downside from the prior close.
• Analyst sentiment remains mixed: Etsy has an average “Hold” rating and a consensus price target of $92.52, with targets ranging from $80 to $115.
• Etsy’s latest quarter exceeded expectations, with revenue up 10.9% year over year to $692.5 million and reported EPS of $7.31 versus the $0.76 consensus estimate.

Etsy (NYSE:ETSY - Get Free Report) had its target price upped by investment analysts at Wells Fargo & Company from $59.00 to $80.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "underweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential downside of 12.59% from the company's previous close.

Other analysts have also issued research reports about the stock. Rosenblatt Securities raised their target price on shares of Etsy from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday. Bank of America reiterated a "buy" rating and issued a $115.00 price target on shares of Etsy in a report on Thursday. Citigroup reissued a "neutral" rating on shares of Etsy in a research note on Thursday. Morgan Stanley raised Etsy from an "underweight" rating to an "outperform" rating in a research report on Thursday, August 20th. Finally, Loop Capital set a $105.00 target price on Etsy in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $92.52.

Etsy Stock Performance

ETSY stock traded down $0.82 during trading on Thursday, hitting $91.53. The stock had a trading volume of 747,119 shares, compared to its average volume of 3,247,148. The company's 50 day moving average price is $78.36 and its two-hundred day moving average price is $67.92. Etsy has a 1-year low of $44.00 and a 1-year high of $94.49. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.81.

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

Insiders Place Their Bets

In other Etsy news, insider Josh Silverman sold 41,108 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.11, for a total value of $3,416,485.88. Following the completion of the transaction, the insider owned 171,932 shares in the company, valued at $14,289,268.52. This represents a 19.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Colburn, III sold 8,252 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $82.09, for a total transaction of $677,406.68. Following the completion of the transaction, the insider owned 6,503 shares of the company's stock, valued at $533,831.27. This trade represents a 55.93% 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 90 days, insiders have sold 133,251 shares of company stock worth $10,966,499. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Etsy

Several large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Etsy during the second quarter worth $34,000. EFG International AG acquired a new position in Etsy in the 2nd quarter valued at approximately $45,000. Signaturefd LLC raised its holdings in Etsy by 61.8% in the 3rd quarter. Signaturefd LLC now owns 762 shares of the company's stock valued at $54,000 after acquiring an additional 291 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Etsy by 2,379.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company's stock worth $80,000 after acquiring an additional 1,023 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Etsy by 19.3% in the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company's stock worth $62,000 after acquiring an additional 200 shares during the period. 99.53% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q3 results beat expectations: Revenue rose 10.9% year over year to $692.5 million, exceeding the roughly $669 million consensus estimate. Reported EPS was $7.31 versus an expected $0.76, although adjusted EPS was approximately $1.00. Etsy Q3 2026 Results
• Positive Sentiment: Marketplace momentum improved: Gross merchandise sales increased 8.8% to $2.6 billion, active buyers grew 1% to 88 million, and AI-powered personalization helped buyer growth turn positive for the first time in two years. Etsy Key Earnings Takeaways
• Positive Sentiment: Profitability was a major strength: Adjusted EBITDA reached $210 million, representing a 30.4% margin. The strong margin profile reassured investors that Etsy can support growth and marketing investments without materially sacrificing profitability. Etsy Q3 Margin Analysis
• Positive Sentiment: Analyst sentiment strengthened: Needham raised its price target from $100 to $110, Rosenblatt lifted its target from $95 to $105, and BTIG increased its target from $90 to $102; all three firms assigned a “buy” rating. Needham Analyst Action
• Neutral Sentiment: Leadership transition announced: CFO Lanny Baker will leave Etsy on March 1, 2027, and remain as an advisor during the transition. The planned departure creates some execution uncertainty, but the company has begun searching for a successor. Etsy Leadership Transition
• Neutral Sentiment: Etsy’s efforts to distinguish human creativity from AI-generated content could strengthen marketplace quality and trust, though stricter policies may create friction for some sellers. Etsy CEO on AI and Creativity

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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