Etsy Inc (NASDAQ: ETSY) Stock: Can It Go Higher?

In the last trading session, 9.04 million shares of the Etsy Inc (NASDAQ:ETSY) were traded, and its beta was 1.79. Most recently the company’s share price was $53.89, and it changed around -$2.1 or -3.75% from the last close, which brings the market valuation of the company to $5.62B. ETSY currently trades at a discount to its 52-week high of $66.81, offering almost -23.97% off that amount. The share price’s 52-week low was $40.05, which indicates that the current value has risen by an impressive 25.68% since then.

Etsy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.66. If we narrow it down even further, the data shows that 3 out of 33 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 19 recommended ETSY as a Hold, whereas 7 deemed it a Buy, and 1 rated it as Underweight.

Etsy Inc (NASDAQ:ETSY) trade information

Instantly ETSY has showed a red trend with a performance of -3.75% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 63.84 on recent trading dayincreased the stock’s daily price by 15.59%. The company’s shares are currently up 1.89% year-to-date, but still down -15.64% over the last five days. On the other hand, Etsy Inc (NASDAQ:ETSY) is 14.66% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $43, which translates to bulls needing to decrease their stock price by -25.33% from its current value. Analyst projections state that ETSY is forecast to be at a low of $40 and a high of $46.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.24%. Etsy Inc earnings are expected to increase by -32.79% in 2025, but the outlook is positive 10.33% per year for the next five years.

ETSY Dividends

Etsy Inc’s next quarterly earnings report is expected to be released in July.

BLACKROCK INC., with 8.7081% or 10.14 million shares worth $598.0 million as of 2024-06-30, holds the second largest percentage of outstanding shares.