Oppenheimer Upgrades Etsy to Outperform from Perform
Fintel reports that on September 15, 2026, Oppenheimer upgraded their outlook for Etsy (NYSE:ETSY) from Perform to Outperform.
Etsy, Inc., based in the United States, operates as a global e-commerce platform that focuses on unique and creative goods, catering to both buyers and sellers of handmade items, vintage goods, and craft supplies. It is positioned prominently within the consumer discretionary sector, emphasizing an expansive marketplace that facilitates connections between entrepreneurs and consumers who seek distinctive products that are not available on traditional retail sites. A key project for Etsy has been its sustained efforts to enhance user experience and seller tools, including the implementation of advanced search technologies and marketing initiatives designed to expand its customer base and improve transactional efficiency. Etsy's strategic acquisitions, such as the purchase of Reverb, a marketplace for musical instruments, underscore its commitment to growth through diversification of its market offerings and reinforcement of its core business model.
Prior to this rating action, the stock closed at $74.46 on September 14, 2026. This pre-action close represents a price change of -2.68% over one week, relative to a baseline close of $76.51 on September 4, 2026. Over a one-month period, the stock experienced a price change of -6.81% from a baseline close of $79.90 on August 14, 2026.
Etsy reported its latest earnings on August 5, 2026. The company posted an actual earnings per share (EPS) of -0.49, compared to an estimated EPS of 0.744, representing an EPS surprise percent of -165.86%. The actual revenue for the period was $668,313,000.00, which was above the estimated revenue of $662,046,177.00.
As of September 15, 2026, the current consensus target mean for the stock is $90.85, with a median target of $91.29. This consensus target implies a change percent of +22.01% from the stock's recent levels.
For the current recommendation period of September 1, 2026, the aggregate analyst recommendations consisted of 5 strong buy, 12 buy, 21 hold, and 1 sell recommendations, totaling 39 recommendations. This represents 43.6% positive, 53.8% hold, and 2.6% negative recommendations. In the prior recommendation period of August 1, 2026, there were 5 strong buy, 10 buy, 21 hold, and 1 sell recommendations, totaling 37 recommendations, which represented 40.5% positive, 56.8% hold, and 2.7% negative recommendations.
Other recent analyst actions include Argus Research maintaining a Buy rating on September 8, 2026. On August 20, 2026, Rosenblatt initiated coverage with a Buy rating, and B of A Securities upgraded the stock from Neutral to Buy. Earlier, on August 17, 2026, Goldman Sachs reiterated a rating, moving from Sell to Neutral.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 15, 2026 | Oppenheimer | Perform | Outperform | upgrade |
| September 8, 2026 | Argus Research | Buy | Buy | maintained |
| August 20, 2026 | Rosenblatt | Buy | initiated coverage | |
| August 20, 2026 | B of A Securities | Neutral | Buy | upgrade |
| August 17, 2026 | Goldman Sachs | Sell | Neutral | reiterated |
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This story originally appeared on Fintel.