Etsy, Inc. [ETSY] Stock Forecast

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Zacks.com users have recently been watching Etsy (ETSY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Outside of a handful of highflying technology stocks, U.S. stocks have been practically flat in 2023, but on Wall Street, some analysts remain as bullish as ever.

By popularizing online shopping, Amazon has become a behemoth in the industry. Shopify provides valuable tech infrastructure that enables merchants of all sizes to set up shops online.

Etsy's Q2 2023 earnings exceeded expectations, driven by higher Gross Merchandise Sales, revenue, and adjusted EBITDA. The company's focus on reliability, including timely deliveries and purchase protection, has led to increased purchase frequency and higher conversion rates. The acquisitions of Reverb and Depop could strengthen Etsy's position in the secondhand clothing and musical instruments markets, particularly among Gen Z consumers.

While hopes for long-term returns may lure investors to growth stocks, some of these very stocks should be avoided.  Especially if they're waving red flags.

Etsy's active buyer growth increased by 3%, highlighting the platform's resilience and potential for future expansion. Despite stable growth rates, Etsy's valuation remains low, with a focus on generating strong free cash flows and flexibility to manage its net debt. Etsy's ability to maintain a stable business and produce robust cash flows at approximately 11x forward free cash flows suggests a positive risk-reward scenario for investors.

On September 12th, the sell-side research firm bumped its rating on the creative goods retailer from Peer Perform to Outperform and gave it a $100 price target. The reason: Etsy has lagged the Nasdaq market so badly that it's bound to reverse.

Etsy, Inc. is a US stock , located in Brooklyn of Ny and trading under the symbol ETSY

34 stock analysts have 34 predictions with a medium analyst target price of $153.37. The lowest prediction is $75 and the highest is $320

Etsy, Inc. stock price is $63.75 today.

Yes, Etsy, Inc. is a publicly traded company.