Etsy Raises PT to $50 from $45, Maintains Market Perform Rating

Etsy Raises PT to $50 from $45, Maintains Market Perform Rating

Etsy, Inc. (NASDAQ: ETSY) has announced an upward revision in its price target from $45 to $50, while maintaining a "Market Perform" rating. This move comes amidst a mixed bag of analyst opinions and institutional investment activity.

The decision to raise the price target follows a recent downgrade from a "Buy" to a "Hold/Accumulate" candidate, as per StockInvest.us [1]. The platform cited several positive signals, such as a general buy signal from the short-term and long-term averages, but also noted some weaknesses in the technical picture.

On the institutional front, Bank of New York Mellon Corp decreased its holdings in Etsy by 4.6% in the first quarter, according to its Form 13F filing with the Securities & Exchange Commission [2]. However, several other hedge funds have increased their stakes in the company, including Heron Bay Capital Management, True Wealth Design LLC, GAMMA Investing LLC, Hurley Capital LLC, and Covestor Ltd.

The company's CEO, Josh Silverman, also sold a significant portion of his shares, which could be seen as a potential negative signal. However, insiders collectively own 2.80% of the company's stock, indicating a level of confidence in Etsy's future prospects.

Analysts have been divided in their opinions on Etsy. Deutsche Bank Aktiengesellschaft set a $40.00 target price and gave the stock a "hold" rating, while Bank of America reduced its price target to $50.00 and set a "neutral" rating. Citizens Jmp upgraded Etsy to a "hold" rating, and Arete Research raised it to a "strong sell" rating. Evercore ISI lowered its target price to $54.00 and set an "outperform" rating.

Despite the mixed signals, Etsy's recent earnings report showed a net margin of 6.69% and a revenue of $651.18 million for the quarter. The company's 1-year high of $66.81 and 1-year low of $40.05 provide a solid basis for its current valuation.

References:

[1] https://stockinvest.us/stock/ETSY
[2] https://www.marketbeat.com/instant-alerts/filing-etsy-inc-nasdaqetsy-shares-sold-by-bank-of-new-york-mellon-corp-2025-07-15/