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Investing.com - Cantor Fitzgerald raised its price target on Etsy (NASDAQ:ETSY) to $64.00 from $52.00 on Thursday, while maintaining a Neutral rating on the e-commerce company. The stock, currently trading at $61.98, appears undervalued according to InvestingPro’s Fair Value analysis.
The price target increase follows Etsy’s second-quarter results, which exceeded Street estimates with Gross Merchandise Sales (GMS) and EBITDA coming in 2% and 4% above expectations, respectively, according to Visible Alpha data cited by the firm. The company maintains impressive gross profit margins of 72.3% and has shown strong returns over the past three months.
Total (EPA:TTEF) GMS declined 3% year-over-year when adjusted for Reverb, though core Etsy platform declines moderated to -5% year-over-year, an improvement of 4 percentage points from the previous quarter. Meanwhile, Depop accelerated to 35% year-over-year growth.
For the third quarter of 2025, Etsy provided guidance for GMS between $2.6 billion and $2.7 billion, representing approximately a 1 percentage point improvement versus second-quarter growth at the mid-point.
Cantor Fitzgerald noted that while Etsy showed good progress on key strategic priorities and consumer spending stabilized in the second quarter, the company still faces risks related to macroeconomic conditions, competition, and trade uncertainties.
In other recent news, Etsy’s second-quarter results have sparked a series of analyst updates. Canaccord Genuity raised its price target to $76, citing better-than-expected gross merchandise sales (GMS), revenue, and profitability. Similarly, Needham increased its price target to $72, attributing the rise to improved growth outlook following Etsy’s strong quarterly performance. BTIG also adjusted its target to $72, noting improving sales trends and a positive third-quarter outlook despite challenging consumer conditions.
Guggenheim raised its price target to $70, highlighting an improvement in marketplace trends and a sequential improvement in GMS. In contrast, Stifel lowered its price target slightly to $64, maintaining a Hold rating, due to mixed signals in Etsy’s third-quarter guidance, which showed better revenue projections but lighter expectations for GMS and EBITDA. These developments reflect a generally positive sentiment among analysts regarding Etsy’s recent performance and future prospects.
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