Etsy, Inc.

NYSE:ETSY Stock Report

Market Cap: US$6.1b

Etsy Future Growth

Future criteria checks 2/6

Etsy is forecast to grow earnings and revenue by 13.2% and 2.9% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 213.8% in 3 years.

Key information

13.2%

Earnings growth rate

14.27%

EPS growth rate

Multiline Retail earnings growth16.4%
Revenue growth rate2.9%
Future return on equity213.76%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 04

ETSY: Depop Sale And Buybacks Will Support Core Marketplace Focus

Etsy's analyst price target has been raised from $61.96 to $71.72 as analysts factor in updated assumptions around revenue growth, profit margins and a slightly lower discount rate. This change is supported by recent research that highlights progress in core marketplace initiatives and the planned Depop divestiture.
Seeking Alpha • Apr 30

Etsy: A Simplified Business Sees A Strong Start To 2026

Summary Etsy has streamlined operations by divesting Depop and Reverb, focusing on its core platform with improving fundamentals. Q1 revenue from continuing operations rose 7% to $631 million, with adjusted EBITDA margins exceeding 29% and GMS up over 5%. Forward guidance calls for low-single-digit GMS growth, stable take rates, and 28–30% EBITDA margins, supporting potential earnings near $4 per share. Recent share buybacks and a 30% rally reflect renewed confidence, yet valuation remains reasonable given solid earnings power and capital allocation discipline. Read the full article on Seeking Alpha
Narrative Update • Apr 20

ETSY: Depop Exit And AI Initiatives Will Support Stronger Marketplace Engagement

Etsy's analyst price targets have shifted in a wide range, with some moving up by a few dollars and others cut by $10 to $20, as analysts balance improving marketplace trends, Depop's $1.2b sale, and product and marketing initiatives against concerns about slower Gross Merchandise Sales momentum and sector-wide valuation resets. Analyst Commentary Recent research paints a mixed but generally constructive picture around Etsy, with many price targets adjusted and opinions split between enthusiasm about execution and caution around Gross Merchandise Sales trends and sector valuations.
Narrative Update • Apr 05

ETSY: Depop Sale And AI Discovery Work Will Shape Core Marketplace Future

Analyst fair value for Etsy edges up by about $0.23 to roughly $61.96 as analysts weigh slightly slower revenue growth and profit margin expectations against the benefits from the $1.2b Depop sale, ongoing product and marketing initiatives, and mixed but generally constructive updates to Street price targets. Analyst Commentary Recent research on Etsy highlights a split view, with some analysts seeing improving execution around core growth and others focusing on lingering risks to Gross Merchandise Sales, or GMS, and profitability.
Narrative Update • Mar 22

ETSY: Depop Sale And AI Marketplace Focus Will Drive Stronger Engagement

Narrative Update: Etsy The updated analyst price target for Etsy shifts slightly to about $78.59. This reflects mixed revisions across the Street as analysts weigh solid Q4 delivery, the planned $1.2b Depop sale, and ongoing efforts in AI driven search, personalization and core marketplace growth.
Narrative Update • Mar 07

ETSY: AI Initiatives And Depop Exit Will Shape Core Marketplace Path

The analyst price target for Etsy edges slightly lower as analysts weigh steady Q4 results, Q1 guidance calling for modest GMS growth, and the value impact of the proposed $1.2b Depop sale against ongoing questions about the pace of core marketplace reacceleration and sector-wide multiple compression. Analyst Commentary Wall Street is split on Etsy, with price targets moving both higher and lower as analysts balance Q4 execution, Q1 guidance, and the proposed US$1.2b Depop sale against questions about how quickly core marketplace growth can build.
Narrative Update • Feb 21

ETSY: AI Initiatives And Depop Sale Will Support Core Marketplace Renewal

The analyst price target for Etsy in our model has moved lower to $62.08 from $68.59. This reflects a blend of Street views that highlight steady core marketplace progress, the Depop sale, and ongoing questions around the pace of Gross Merchandise Sales growth and the impact of AI driven product and marketing initiatives.
Narrative Update • Feb 07

ETSY: AI Efficiencies And Share Buybacks Will Support Stronger Marketplace Engagement

Narrative Update Analysts have trimmed their price targets on Etsy by about $3 to $9 in recent research, citing lingering macro concerns. At the same time, they point to a potentially more supportive setup for internet names into 2026, with improving revenue growth expectations and sentiment around AI driven efficiencies.
Narrative Update • Jan 24

ETSY: AI Search And Recommendations Will Support Stronger Marketplace Engagement

Analysts now keep the Etsy fair value estimate steady at $80, while refining their model inputs slightly. This reflects mixed shifts in Street price targets that balance enthusiasm around AI driven GMS and search improvements with more cautious views on margins, tariff headwinds, and leadership changes.
Narrative Update • Jan 09

ETSY: AI And Search Improvements Will Support Stronger Marketplace Engagement

We are trimming our Etsy fair value estimate slightly to US$80 from US$81, reflecting analysts' mixed price target moves as they weigh stronger GMS momentum and AI driven product improvements against margin pressure, tariff headwinds, and leadership changes. Analyst Commentary Recent Street research on Etsy reflects a mixed but generally constructive tone, with several bullish analysts lifting price targets following Q3 results and updated guidance.
Narrative Update • Dec 24

ETSY AI Investments Will Drive Stronger Marketplace Engagement And Earnings Power

We trim our Etsy fair value estimate slightly to $81 from about $81.55 per share, as analysts see moderating top line growth and a lower future P/E, partly offset by improving profitability supported by AI driven product enhancements and steadier GMS trends. Analyst Commentary Recent Street research reflects a generally constructive tone on Etsy, with multiple bullish analysts lifting price targets following the latest Q3 results and outlook.
Narrative Update • Dec 10

ETSY: AI Search And Recommendations Will Drive Renewed Marketplace Demand

We are modestly lifting our Etsy price target by a mid single digit percentage to reflect analysts' higher Street targets, grounded in evidence that AI driven search, recommendations and marketing improvements are beginning to stabilize GMS trends, despite lingering margin and governance uncertainties. Analyst Commentary Street commentary around Etsy following Q3 results and the updated outlook reflects a mix of cautious optimism and lingering concern, with modestly higher price targets clustered in the mid 60s to low 80s range.
Narrative Update • Nov 26

ETSY: AI-Driven Buyer Engagement Will Drive Renewed Demand Across The Marketplace

Etsy's analyst price target has been raised slightly, with the consensus now at about $68.59. Analysts cite improving gross merchandise sales growth as well as ongoing benefits from AI-driven strategies and product enhancements.
Narrative Update • Nov 11

ETSY: AI Integration Will Drive Renewed User Engagement And Platform Momentum

Etsy's analyst fair value target has been raised slightly to $69.23 per share from $68.19. Analysts point to improving growth trends driven by AI integration, positive gross merchandise sales momentum, and ongoing business strategy execution.
Narrative Update • Oct 28

AI Integration And User Experience Will Drive E-Commerce Momentum Ahead

Etsy's analyst price target has increased modestly from approximately $66.27 to $68.19. This reflects analysts' growing confidence in the company's incremental growth initiatives and improved marketplace performance.
Narrative Update • Oct 13

AI Personalization And App Engagement Will Boost E-commerce Appeal

Etsy's fair value estimate has been raised slightly from $65.12 to $66.27. Analysts cite stronger-than-expected marketplace revenue trends and an improved margin outlook as the reasons for the adjustment.
Analysis Article • Sep 30

Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 40% Share Price Bounce

Etsy, Inc. ( NASDAQ:ETSY ) shareholders have had their patience rewarded with a 40% share price jump in the last month...
Narrative Update • Aug 07

AI Personalization And App Engagement Will Boost E-commerce Appeal

With no change in revenue growth forecasts or future P/E, analysts have maintained their fair value estimate for Etsy at $63.96. What's in the News Completed share buyback of 10,067,260 shares (9.47% of shares outstanding) for $523.36 million.
Analysis Article • Jul 24

When Should You Buy Etsy, Inc. (NASDAQ:ETSY)?

Etsy, Inc. ( NASDAQ:ETSY ), might not be a large cap stock, but it saw a significant share price rise of 48% in the...
Analysis Article • May 31

Etsy, Inc.'s (NASDAQ:ETSY) P/E Is Still On The Mark Following 27% Share Price Bounce

Etsy, Inc. ( NASDAQ:ETSY ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Seeking Alpha • Apr 24

Etsy: Back To Basics With Reverb Sale (Rating Upgrade)

Summary Etsy's sale of Reverb aims to reduce debt and refocus on core business, potentially aiding its return to growth despite recent stock declines. The company’s low exposure to tariffs and unique product offerings position it well against big-box retailers amid rising import costs. Etsy is moving in the right direction, prompting my upgrade to a neutral rating. Etsy's valuation has improved to ~8x forward-adjusted EBITDA, but it still faces challenges with declining consumer spending and needs to demonstrate a return to customer/revenue growth. Read the full article on Seeking Alpha
Seeking Alpha • Mar 26

Etsy Looks Like An Equity Value Juggernaut

Summary Etsy shares continue to fall as Gross Merchandise Sales volumes have hit a sustained rough patch. I'm not surprised by the post-pandemic business weakness. I'm just surprised that it didn't begin sooner. By no means do short-term GMS declines mean the business is in trouble. Etsy management has been conducting large stock buybacks that are progressively retiring more and more shares as the market price has declined. Modeling for Etsy suggests that even in very negative scenarios Etsy's future potential stock downside may be limited. I don't have a specific target price, but I think there's potential for large gains for patient investors. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

Etsy: Abysmal Holiday Sales Signal Need For Improved Customer Acquisition

Summary Etsy reported a GAAP EPS of $1.03, beating expectations by $0.09, but sales missed at $852M, falling short by $9.2M. Gross merchandise sales declined 6.8% YoY to $3.7B, with Etsy-specific GMS down 8.6% YoY. Etsy's profit margins increased as it earned more fee revenue on its sellers, yet it saw a sharp decline in sellers, buyers, and sales per customer. In my view, Etsy has become too focused on extracting income from sellers instead of creating a rich ecosystem of buyers and sellers, exposing it to competition from Amazon Handmade. The current economic trend has promoted greater price sensitivity from customers, which does not bode well, given Etsy charges relatively high fees that increase product prices. Read the full article on Seeking Alpha
Seeking Alpha • Jan 09

Etsy: Share Repurchases Won't Save The Stock

Summary Etsy's $1.2 billion net debt constrains its ability to deliver meaningful shareholder value. Share repurchases are unlikely to sustain the stock price without stronger growth fundamentals. Revenue growth rates are flatlining, reducing the platform's long-term appeal. Paying 8x free cash flow for a business with limited upside feels unjustifiable. Read the full article on Seeking Alpha
Seeking Alpha • Nov 21

Etsy: I Agree With Elliott Management's Optimism

Summary Elliott Management increased its stake in Etsy, Inc. to 5M shares, as per its 13F filing, signaling confidence in Etsy's long-term potential amidst current investor pessimism. Although Etsy sees a decline in GMS and Active Buyers on the platform, it is investing in strategic initiatives like an app revamp, improved search, and loyalty program to boost purchase frequency. Meanwhile, its Gifting GMS is a bright spot as it grows above expectation, representing a higher share of Total GMS. With holiday season in the corner, gifting GMS should continue to rise steadily. Although the management has yet to translate its initiatives into tangible results, I believe the favorable FY25 comps environment should be favorable, driving sizable upside for the stock. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

Etsy: A Beaten Down Stock With Hidden Value

Summary Etsy's stock has declined over 22% in the past year due to changing consumer behavior and increased competition from Amazon and Shopify. Despite challenges, Etsy's focus on specialized platforms like Depop and Reverb shows potential for growth in sustainable and niche markets. Financials reveal mixed performance, but Q3 2024 results indicate stability with a slight revenue increase and strong cost control. A DCF analysis suggests a potential 25% upside, valuing Etsy shares at around $66.47, supporting a buy rating amidst cautious optimism. Read the full article on Seeking Alpha
Seeking Alpha • Oct 20

Etsy: A Pandemic Growth Stock Ready For A Rebound In 2025

Summary Etsy thrived during the pandemic as consumers flocked to online shopping, but as economic conditions worsened, shares plummeted over 80% from their peak. Despite the stock's decline to 2018 levels, Etsy's revenues have increased 4.5x, margins have expanded, and earnings have quadrupled. Management is implementing strategies like a loyalty program and "Gift Mode" to increase customer engagement and drive gross merchandise sales. With shares trading at 11x earnings and a fortress balance sheet, the current valuation presents a strong buying opportunity for long-term investors. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:ETSY - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,99148079374916
12/31/20272,87644571073327
12/31/20262,78241168671225
3/31/20262,903303673725N/A
12/31/20252,884163639693N/A
9/30/20252,815199637691N/A
6/30/20252,799181636690N/A
3/31/20252,775205687733N/A
12/31/20242,808303709752N/A
9/30/20242,798257687733N/A
6/30/20242,772287690734N/A
3/31/20242,753296678719N/A
12/31/20232,748308666706N/A
9/30/20232,713334669702N/A
6/30/20232,671-717654690N/A
3/31/20232,628-706644680N/A
12/31/20222,566-694646684N/A
9/30/20222,476-642640682N/A
6/30/20222,414411528567N/A
3/31/20222,358436527563N/A
12/31/20212,329494621652N/A
9/30/20212,229480582605N/A
6/30/20212,148482684699N/A
3/31/20212,048480788798N/A
12/31/20201,726349671679N/A
9/30/20201,378232507514N/A
6/30/20201,125155365376N/A
3/31/202087777190205N/A
12/31/201981896N/A207N/A
9/30/2019748106N/A230N/A
6/30/2019701111N/A213N/A
3/31/201965296N/A204N/A
12/31/201860477N/A199N/A
9/30/201854081N/A134N/A
6/30/201849687N/A120N/A
3/31/201846595N/A92N/A
12/31/201744182N/A69N/A
9/30/201741516N/A52N/A
6/30/2017396-13N/A46N/A
3/31/2017380-32N/A50N/A
12/31/2016365-30N/A48N/A
9/30/2016343-13N/A40N/A
6/30/2016321-17N/A35N/A
3/31/2016297-16N/A23N/A
12/31/2015273-54N/A33N/A
9/30/2015251-55N/A19N/A
6/30/2015232-55N/A19N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETSY's forecast earnings growth (13.2% per year) is above the savings rate (3.5%).

Earnings vs Market: ETSY's earnings (13.2% per year) are forecast to grow slower than the US market (16.7% per year).

High Growth Earnings: ETSY's earnings are forecast to grow, but not significantly.

Revenue vs Market: ETSY's revenue (2.9% per year) is forecast to grow slower than the US market (11.6% per year).

High Growth Revenue: ETSY's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ETSY's Return on Equity is forecast to be very high in 3 years time (213.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 17:00
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Etsy, Inc. is covered by 51 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard KramerArete Research Services LLP
Oliver LesterArete Research Services LLP
Trevor YoungBarclays