
Etsy (ETSY) Stock Forecast & Price Target
Etsy (ETSY) Analyst Ratings
Bulls say
Etsy has established itself as a significant player in the e-commerce sector, targeting a unique niche with an expected consolidated gross merchandise volume of $12.5 billion in 2024. The platform boasts a robust user base, connecting approximately 95 million buyers with 8 million sellers across its marketplace properties, including Etsy and Depop. Additionally, the integration of innovative technologies such as ChatGPT has the potential to enhance Etsy's growth, with projections indicating a significant increase in gross merchandise volume through elevated shopping queries and the opportunity to raise take-rates above 24%.
Bears say
Etsy's stock faces a negative outlook primarily due to potential signs of a slowdown in gross merchandise sales (GMS), which could be influenced by macroeconomic factors, shifts in purchasing frequency, and changes in conversion rates. The company may experience significant challenges from rising postage rates, alterations in advertising algorithms, and adverse macroeconomic conditions that could suppress buyer demand. Additional risks include increased competition leading to aggressive pricing, a shift in seller preferences away from Etsy towards other platforms, and potential delays in achieving expected growth in market share and profitability.
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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