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Investing.com - Cantor Fitzgerald has reiterated its Neutral rating and $64.00 price target on Etsy (NASDAQ:ETSY), which currently trades at $56.22 after falling 13.45% in the past week. According to InvestingPro data, analyst targets range from $48 to $86, with the stock currently trading below its Fair Value.
The firm noted that Etsy revealed in its first quarter 2025 results that U.S. imports and exports represent approximately 25% of total Gross Merchandise Sales (GMS), with imports constituting the majority of this figure.
According to Cantor Fitzgerald, no single country’s imports exceed 4% of total marketplace GMS, suggesting that the mix has likely remained stable over time.
The research firm observed that due to limited exposure to China, changes to de minimis rules have had minimal impact on Etsy’s business to date.
Cantor Fitzgerald cautioned, however, that Etsy’s heightened cross-border transaction mix makes the company more susceptible to regulatory changes scheduled for August 29.
In other recent news, Etsy has seen a series of analyst updates following its second-quarter earnings report. The company reported results that exceeded expectations, with Gross Merchandise Sales (GMS) and EBITDA surpassing estimates by 2% and 4%, respectively. This positive performance led Cantor Fitzgerald to raise its price target from $52 to $64, maintaining a Neutral rating. Similarly, Needham increased its price target to $72, citing an improved growth outlook and maintaining a Buy rating. Guggenheim also raised its target to $70, noting better-than-expected marketplace trends and maintaining a Buy rating. Truist Securities adjusted its target to $75, based on data showing marketplace revenue tracking ahead of consensus estimates, while keeping a Buy rating. However, JPMorgan maintained a Neutral rating with a $60 price target due to potential impacts from upcoming tariff changes. These updates reflect a positive sentiment among several analysts regarding Etsy’s recent performance and future prospects.
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