
Etsy (ETSY) Stock Forecast & Price Target
Etsy (ETSY) Analyst Ratings
Bulls say
Etsy has demonstrated a strong financial trajectory, with a consolidated gross merchandise volume (GMS) of $12.5 billion anticipated in 2024, positioning it as a leading player in the e-commerce space focused on vintage and craft goods. The company's revenue growth increased by 6.1% year-over-year when excluding the impact of the sale of Reverb, while US GMS surged by 59% year-over-year, indicative of robust performance and market demand. Additionally, Depop showed significant strength with a 39.4% year-over-year increase in GMS, underscoring Etsy's successful expansion efforts and the increasing adoption of its marketplace offerings.
Bears say
Etsy's total active buyers decreased year-over-year for the fifth consecutive quarter, dropping 4% to 93.2 million, reflecting sustained challenges in sustaining and growing its customer base. Additionally, Depop's margins showed sequential declines as the company invested heavily in brand marketing, contributing to an overall estimated 5% reduction in EBITDA. The company continues to lag behind the broader US e-commerce growth, largely due to weaknesses in key categories such as home decor, coupled with the discretionary nature of its offerings, indicating potential long-term struggles in regaining buyer growth.
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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