TLDR
- Etsy stock hit a 52-week high of $76.56, trading up 2.32% with a market cap of $7.28 billion
- The stock is up 40.32% over the past year and 31.8% over the past six months
- Truist Securities reiterated a Buy rating and $85 price target, citing improved marketplace performance through mid-June
- Q1 2026 revenue beat estimates by ~3% and adjusted EBITDA came in ~5% above projections
- Etsy raised its full-year 2026 GMS growth outlook to low single digits; the planned Depop sale is expected to sharpen focus on the core platform
Etsy (ETSY) stock hit a 52-week high of $76.56 on Tuesday, June 24, with the stock trading at $76.65 — up 2.32% on the day. The move puts the stock up 40.32% over the past year.
Market cap currently sits at $7.28 billion, and InvestingPro flags the stock as undervalued at these levels.
The surge comes as multiple analysts pile on with bullish calls. Truist Securities reiterated its Buy rating and $85 price target on June 23, pointing to stronger-than-expected sales data through mid-June.
Truist’s analysis of card spending data through June 16 shows quarter-to-date sales tracking ahead of expectations. The core marketplace — excluding Depop — is showing a recovery in active buyers and gross merchandise sales.
Truist estimates core Etsy marketplace GMS will grow in the mid-single-digit percentage range year-over-year in Q2 2026. That would mark the second-highest growth rate since the Covid period.
The firm credits improvements in search, AI-powered discovery tools, marketing efficiency, and rising app usage for the pickup.
Strong Q1 Sets the Tone
Etsy’s Q1 2026 results came in ahead of both management guidance and analyst estimates. Revenue beat by roughly 3%, while adjusted EBITDA topped projections by about 5%.
Following those results, Guggenheim raised its price target to $85, keeping its Buy rating. JPMorgan also lifted its target to $75, calling it the first meaningful growth in Etsy Marketplace GMS since Q3 2023.
Argus went a step further, upgrading the stock from Hold to Buy. The firm pointed to improvements in active buyers and GMS per active buyer, tied to the company’s personalization and machine learning work.
Etsy also raised its full-year 2026 GMS growth outlook to low single digits following the Q1 beat.
Depop Sale Could Free Up Capital
Etsy’s planned sale of Depop is another piece of the story. Management is expected to use the transaction to sharpen its focus on the core marketplace.
The deal is also anticipated to provide liquidity for additional buyback activity. InvestingPro data shows management has already been aggressively repurchasing stock.
Etsy’s PEG ratio stands at 0.46, suggesting the stock is trading at a low price-to-earnings multiple relative to its growth rate. Gross profit margins are running at 71.6%.
At the 2026 Annual Meeting, shareholders approved the election of three Class II directors — M. Michele Burns, Josh Silverman, and Fred Wilson — to serve until the 2029 annual meeting.
Truist maintains a positive outlook on Etsy heading into quarter-end, with the stock now sitting near its highest level in a year.
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