Cantor Fitzgerald Lifts Etsy (ETSY) Price Target, Keeps Neutral Rating

On Wednesday, June 4, Cantor Fitzgerald analysts increased the price target for Etsy, Inc. (NASDAQ:ETSY) from $47 to $52 and kept a “Neutral” rating. The analysts highlighted recent changes to the company’s products and tariff-related factors as positive factors for the company in the short term.

Despite this, analysts are cautious about Etsy, Inc.’s (NASDAQ:ETSY) ability to sustainably grow its gross merchandise sales (GMS) over the next 12 to 18 months. According to the analysts, it may take several quarters before the company’s product changes lead to consistent growth in GMS.

Cantor Fitzgerald Lifts Etsy (ETSY) Price Target, Keeps Neutral Rating

A young woman shopping for a vintage fashion item online.

The analysts also noted that enhancements in user experience are important for improving top-of-funnel growth and user retention. However, these changes will need time to build up before they can have a big impact on Etsy, Inc.’s (NASDAQ:ETSY) overall growth trajectory.

Etsy, Inc. (NASDAQ:ETSY) is an American e-commerce company that operates Etsy, the leading online global marketplace for unique and creative goods. The company connects buyers and sellers around the world.

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