Etsy (NYSE: ETSY) Stock Analysis: Price Target Increase and Strong Q1 Performance

Font: Financial Modeling Prep  • Apr 29, 2026

• Analyst Upgrade: Evercore ISI increased Etsy's price target to $72.00, suggesting a 3.00% upside from the stock's price of $69.91 at the time of the update.
• Strong Q1 Earnings: Etsy surpassed expectations with $0.89 per share in quarterly earnings, beating the consensus of $0.62, and reported total sales of $631.30 million against projections of $620.80 million.
• Buyer Growth & Mobile Engagement: The company saw a return to sequential buyer growth, reaching 86.6 million active buyers, with mobile app activity contributing 47% of total GMS and growing 11.2% year-over-year.

Etsy (NYSE: ETSY) is an online marketplace focused on handmade goods, vintage items, and craft supplies. It connects millions of buyers with independent sellers globally, creating a niche against larger e-commerce giants like Amazon and eBay. Recently, the company's stock has attracted positive attention from market analysts following strong performance.

On April 29, 2026, Evercore ISI analyst Robert Coolbrith increased the price target for Etsy to $72.00, up from a previous target of $56.00. When this new target was set, the stock's price was $69.91. This updated forecast suggests a potential upside of approximately 3.00% from the stock's price at that time.

This analyst update follows the release of strong first-quarter results where the company surpassed Wall Street expectations. As highlighted by Benzinga, Etsy reported quarterly earnings of $0.89 per share, beating the consensus estimate of $0.62. Earnings per share, or EPS, represents the company's profit divided by its number of outstanding shares.

The company’s total sales for the quarter reached $631.30 million, outperforming projections of $620.80 million. This performance is supported by a 5.5% year-over-year increase in Gross Merchandise Sales (GMS), which totaled $2.50 billion. GMS is a key metric that measures the total value of all items sold on the platform.

A significant factor for investors was the return to sequential buyer growth for the first time in two years, with the company reaching 86.6 million active buyers. As highlighted by Proactive Investors, mobile app activity was also a key contributor, accounting for about 47% of total GMS and showing an 11.2% growth from the previous year.