Wells Fargo & Company Increases Etsy (NYSE:ETSY) Price Target to $76.00

Etsy (NYSE:ETSY) had its price target lifted by analysts at Wells Fargo & Company from $61.00 to $76.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 10.89% from the stock’s current price.

A number of other brokerages also recently commented on ETSY. Truist Financial upped their target price on Etsy from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Argus upgraded Etsy from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Thursday, May 21st. Arete Research set a $76.00 price target on Etsy and gave the company a “buy” rating in a report on Wednesday, May 20th. Guggenheim restated a “buy” rating and issued a $95.00 price objective on shares of Etsy in a research report on Friday. Finally, Zacks Research cut shares of Etsy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus target price of $79.16.

Etsy Price Performance

NYSE:ETSY traded up $3.03 during mid-day trading on Friday, hitting $85.29. The company’s stock had a trading volume of 2,027,112 shares, compared to its average volume of 3,255,588. The business’s fifty day moving average is $77.10 and its two-hundred day moving average is $63.55. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 3.36 and a beta of 1.84. Etsy has a 1 year low of $44.00 and a 1 year high of $87.97.

Insider Buying and Selling

In other Etsy news, insider Josh Silverman sold 6,294 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $84.00, for a total value of $528,696.00. Following the completion of the sale, the insider directly owned 249,559 shares in the company, valued at $20,962,956. This represents a 2.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total value of $1,664,400.00. Following the completion of the sale, the director directly owned 421,329 shares of the company’s stock, valued at $35,062,999.38. This trade represents a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 596,310 shares of company stock valued at $44,425,234 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Etsy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in Etsy by 19.1% in the first quarter. Integrated Wealth Concepts LLC now owns 5,986 shares of the company’s stock worth $282,000 after acquiring an additional 961 shares during the period. Empowered Funds LLC raised its position in Etsy by 55.5% in the first quarter. Empowered Funds LLC now owns 9,673 shares of the company’s stock valued at $456,000 after purchasing an additional 3,451 shares during the period. Woodline Partners LP purchased a new stake in Etsy in the first quarter valued at $2,181,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Etsy by 33.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,594 shares of the company’s stock valued at $180,000 after purchasing an additional 906 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Etsy during the 2nd quarter worth $232,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 results beat expectations: Etsy reported approximately $668.3 million in revenue, above the $646.1 million consensus estimate, while adjusted earnings reached $1.34 per share versus expectations of $1.17. GMS, Etsy Ads and operating leverage supported the results. Etsy Q2 earnings beat
• Positive Sentiment: Growth outlook improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, helped by higher average order values, increased active buyers and better search and personalization. Management raised its 2026 growth outlook. Etsy Q2 earnings call and outlook
• Positive Sentiment: Analyst sentiment improved: JPMorgan upgraded Etsy from Neutral to Overweight and raised its price target to $100 from $85. Needham also raised its target to $100 and assigned a Buy rating, reinforcing the potential for a turnaround. JPMorgan Etsy upgrade
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program. The authorization could support earnings per share and signal confidence in future cash generation. Etsy buyback announcement
• Neutral Sentiment: Restructuring creates both opportunity and risk: Etsy will eliminate about 220 positions, or 12% of its workforce, to simplify operations and accelerate product execution. The plan may improve efficiency, but it also highlights continuing execution challenges. Etsy restructuring plan
• Negative Sentiment: Insider sales may weigh on sentiment: Executive Chair Josh Silverman and CFO Charles Baker sold shares worth roughly $529,000 and $134,000, respectively. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, limiting their significance, but the sales add an overhang after Etsy’s strong rally. Etsy insider sales

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.