From Yahoo Finance · · 1m
Etsy Gets Bullish Upgrade
Oppenheimer upgrades Etsy to Outperform with $90 target.
In brief
Oppenheimer upgrades Etsy to Outperform with $90 target. Oppenheimer upgraded Etsy from Perform to Outperform with a $90 price target based on 2027 EBITDA projections. Originally reported by Yahoo Finance.
Oppenheimer Upgrade
Oppenheimer upgraded Etsy from Perform to Outperform with a $90 price target on September 15, 2026.
Q2 Results Boost
Etsy reported Q2 2026 results with 7.5% year-over-year GMS growth to $2.6 billion, marking three consecutive quarters of growth.
Share Repurchase Plan
Etsy announced a $2 billion share repurchase program to return excess capital to shareholders.
Restructuring Plan
Etsy plans to cut 220 employees or 12% of its workforce by end of Q3 with $35 million in restructuring charges.
GMS Guidance
Etsy expects full-year 2026 GMS growth in mid-single-digit range and adjusted EBITDA margin of 29% to 30%.
Investor Sentiment
Hedge fund interest increased from 44 to 51 positions in Q2 2026, while short interest remains at 13.72% of float.
At a glance
Oppenheimer upgraded Etsy from Perform to Outperform with a $90 price target based on 2027 EBITDA projections.
