Etsy Target Price Raised 3.8% to $83 After Q4 Revenue Accelerates
Truist raised its Etsy price target by 3.8% to $83 after Q4 2025 revenue grew 6.6% YoY and comparable GMS rose 2.4% to $3.6 billion. Etsy’s take rate expanded 170 bps to 24.5%, mobile app GMS climbed 6.6% YoY and US GMS turned positive for first time since Q4 2021.
1. Price Target Increase
Truist raised its target price on Etsy by 3.8% to $83 following Q4 2025 results and maintained a Buy rating, reflecting confidence in the company’s growth trajectory.
2. Q4 2025 Performance
Etsy reported Q4 revenue growth of 6.6% YoY, up from 0.9% in Q3, driven by a recovery in gross merchandise sales and an improved take rate following the Reverb divestiture.
3. GMS Growth and Take Rate
Comparable GMS climbed 2.4% to $3.6 billion, mobile app GMS increased 6.6%, and US GMS posted positive growth for the first time since Q4 2021; take rate expanded by 170 bps to 24.5%.
4. Analyst Outlook
Analysts highlight enhancements in search functionality, AI-powered recommendations and marketing efficiency as catalysts for sustained GMS growth and margin expansion in Q1 2026 guidance.