
Etsy (ETSY) Stock Forecast & Price Target
Etsy (ETSY) Analyst Ratings
Bulls say
Etsy's consolidated gross merchandise volume (GMS) is projected to reach approximately $12.5 billion in 2024, solidifying its position as a significant player in the e-commerce marketplace. The company has experienced positive growth trends, with Paid GMS estimated to rise about 8% year-over-year to approximately $2.9 billion in 2025, along with a notable increase in advertising revenue, which rose $62.2 million. Additionally, the growth in total gross buyer adds, which increased by 3% year-over-year to 17.2 million, signals a positive inflection in user engagement on the platform.
Bears say
The analysis points to a concerning outlook for Etsy due to several troubling financial metrics. Despite achieving modest gross merchandise sales (GMS) growth of only 0.1% that barely surpassed estimates, a significant decline in habitual buyers and corresponding average spend raises red flags about future sales momentum. Additionally, the pressure on adjusted EBITDA margins, particularly from the performance of Depop and potential macroeconomic factors impacting consumer purchasing frequency, suggests that Etsy's profitability may face substantial headwinds moving forward.
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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