Etsy (NYSE:ETSY) Price Target Raised to $85.00 at Needham & Company LLC

Key Points

• Needham raised its price target to $85, upgrading Etsy with a "buy" rating and implying roughly a 22% upside from the current share price.
• Etsy's Q1 revenue beat estimates at $631.3M and gross merchandise volume returned to year‑over‑year growth, but GAAP EPS slightly missed ($0.60 vs. $0.62) and return on equity remains negative, leaving recovery cautious.
• Significant insider selling has occurred recently—insiders sold 168,636 shares (~$10.25M) over the last three months, including CEO Josh Silverman's sale of 70,000 shares, with insiders now owning about 2.8% of the company.

Etsy (NYSE:ETSY - Get Free Report) had its price objective hoisted by analysts at Needham & Company LLC from $65.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's target price points to a potential upside of 22.16% from the company's current price.

Other equities analysts have also recently issued reports about the company. Evercore set a $72.00 price target on Etsy in a research note on Wednesday. Raymond James Financial reaffirmed an "outperform" rating and issued a $75.00 price target on shares of Etsy in a research note on Thursday, April 23rd. Stifel Nicolaus decreased their price target on Etsy from $62.00 to $55.00 and set a "hold" rating on the stock in a research note on Friday, February 20th. JPMorgan Chase & Co. decreased their price target on Etsy from $65.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, February 20th. Finally, BTIG Research lifted their price target on Etsy from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Etsy has an average rating of "Hold" and an average price target of $64.17.

Etsy Stock Up 10.1%

NYSE:ETSY opened at $69.58 on Thursday. The stock has a 50 day moving average price of $55.16. The company has a market cap of $6.60 billion, a P/E ratio of 53.11, a price-to-earnings-growth ratio of 9.90 and a beta of 1.77. Etsy has a 1-year low of $41.51 and a 1-year high of $76.51.

Etsy (NYSE:ETSY - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.02). The firm had revenue of $631.28 million during the quarter, compared to the consensus estimate of $622.39 million. Etsy had a negative return on equity of 24.94% and a net margin of 5.65%.The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.49) EPS. On average, research analysts anticipate that Etsy will post 3.12 EPS for the current fiscal year.

Insider Activity

In other news, CAO Merilee Buckley sold 1,993 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $52.92, for a total transaction of $105,469.56. Following the transaction, the chief accounting officer directly owned 809 shares of the company's stock, valued at approximately $42,812.28. The trade was a 71.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Josh Silverman sold 70,000 shares of the business's stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $65.00, for a total value of $4,550,000.00. Following the transaction, the insider directly owned 130,694 shares in the company, valued at $8,495,110. This trade represents a 34.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 168,636 shares of company stock valued at $10,253,703. Company insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Etsy

Several hedge funds have recently made changes to their positions in the business. Seelaus Asset Management LLC purchased a new position in shares of Etsy during the first quarter valued at approximately $494,000. Lmcg Investments LLC increased its stake in shares of Etsy by 0.3% during the first quarter. Lmcg Investments LLC now owns 71,569 shares of the company's stock valued at $3,577,000 after buying an additional 249 shares during the period. Childress Capital Advisors LLC purchased a new position in shares of Etsy during the first quarter valued at approximately $221,000. HB Wealth Management LLC purchased a new position in shares of Etsy during the first quarter valued at approximately $231,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Etsy by 8.6% during the first quarter. Janney Montgomery Scott LLC now owns 6,359 shares of the company's stock valued at $318,000 after buying an additional 504 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q1 results showed improving marketplace fundamentals: gross merchandise sales returned to year‑over‑year growth and revenue topped Street expectations, which triggered the intraday rally. Etsy shares pop on Q1 results, improved outlook
• Positive Sentiment: Analysts are turning more constructive — BTIG raised its price target to $78 with a Buy, and UBS recently nudged its target higher — adding upward pressure to the stock via improved guidance from the sell‑side. Benzinga UBS Lifts Etsy Price Target to $72
• Positive Sentiment: Management highlighted product moves (including AI‑driven discovery tools) aimed at re‑engaging lost shoppers — a strategic lever investors view as supportive of GMV and revenue recovery over time. Etsy Bets on AI to Attract the Shoppers It's Been Losing
• Neutral Sentiment: Earnings call tone was cautiously upbeat — management sees improving trends but emphasized it’s early in the recovery, so execution and durability of buyer/seller re‑engagement remain watchpoints. Etsy Inc. Earnings Call Signals Cautious Recovery
• Neutral Sentiment: Official release/coverage confirms revenue beat ($631.3M) and the return of GMV growth, but details and metric trends (buyer retention, conversion) will drive near‑term sentiment. Online marketplace Etsy beats revenue estimates on steady demand
• Negative Sentiment: GAAP EPS was mixed/spotty across reports — some consensus sources showed a slight EPS miss (and Etsy’s return on equity remains negative), which tempers the upside until margin improvement is sustained. Etsy, Inc. Reports First Quarter 2026 Results

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.

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