Etsy Stock Stalls As Market Awaits Clarity On New Strategy

Etsy Inc's (NYSE:ETSY) Depop segment remains unprofitable, according to BTIG.

The Etsy Analyst: Analyst Marvin Fong reiterated a Buy rating, while cutting the price target from $81 to $74.

The Etsy Thesis: Although the stock remains undervalued, investors are in a wait-and-watch mode "to see how the Depop marketing campaign and the CEO transition unfold in 2026," Fong said in the note.

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The company is also facing other industry cross-currents, including agentic commerce, consumer spending, and cross-border, he added.

The analyst maintained the adjusted EBIDTA estimates for 2026 and 2027 at $741.2 million and $808.3 million, respectively. He also reiterated the earnings estimates of $2.31 per share for 2026 and $2.65 per share for 2027.

ETSY Price Action: Etsy shares were down 1.24% at $55.89 at the time of publication on Tuesday, according to Benzinga Pro data.

Etsy’s market capitalization of $5.52 billion positions it as a significant player in the Consumer Discretionary sector, particularly within the Broadline Retail industry.

The stock’s P/E ratio of 38.24 suggests that investors are pricing in substantial growth expectations, which may reflect the platform’s unique niche in the e-commerce landscape.

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