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Investing.com - Guggenheim has raised its price target on Etsy (NASDAQ:ETSY) to $70.00 from $50.00 while maintaining a Buy rating following the company’s second-quarter results. The stock has shown strong momentum, gaining over 17% year-to-date, and according to InvestingPro analysis, the company appears undervalued at current levels.
The e-commerce platform’s operating results exceeded Guggenheim’s expectations, driven by an approximately 180 basis point sequential improvement in year-over-year consolidated Gross Merchandise Sales (GMS) trends to a decline of 3.6% from 5.4%, excluding foreign exchange impacts.
Etsy also delivered a significant take-rate beat of approximately 70 basis points, while trailing twelve months GMS per buyer within the Etsy Marketplace showed signs of stabilization at approximately $120.
The company’s third-quarter 2025 GMS guidance of $2.6-2.7 billion suggests further quarter-over-quarter improvement in Etsy Marketplace trends, according to Guggenheim’s analysis.
Guggenheim noted that all of the projected third-quarter 2025 adjusted EBITDA margin deleverage of 250-270 basis points or more, including a 50-70 basis point benefit tied to the sale of Reverb, is entirely attributable to a strategic investment in Depop following encouraging buyer behavior trends.
In other recent news, Etsy Inc . reported its second-quarter 2025 earnings, showcasing a mixed performance. The company’s revenue exceeded expectations, coming in at $672.7 million compared to the anticipated $646.86 million. However, its earnings per share (EPS) fell short, registering at $0.25 against the expected $0.48. Analysts have responded with varied assessments. Stifel lowered its price target for Etsy to $64 from $66, maintaining a Hold rating, citing mixed signals from the company’s third-quarter guidance. On the other hand, Canaccord Genuity raised its price target to $76, maintaining a Buy rating, highlighting better-than-anticipated gross merchandise sales and profitability. Similarly, BTIG increased its price target to $72, also keeping a Buy rating, noting improving sales trends. These developments reflect differing perspectives on Etsy’s recent performance and future outlook.
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