---
title: "Etsy Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295221167.md"
description: "Etsy reported Q2 earnings of $0.98 per share and sales of $668.3 million, beating estimates. The company announced a $2 billion share buyback and a 12% workforce reduction. Following the results, analysts raised price targets; Needham increased its target to $100, while JPMorgan upgraded Etsy to Overweight with a $100 target. Shares rose 1.5% in pre-market trading."
datetime: "2026-08-07T10:31:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295221167.md)
  - [en](https://longbridge.com/en/news/295221167.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295221167.md)
---

# Etsy Analysts Increase Their Forecasts Following Better-Than-Expected Q2 Earnings

**Etsy Inc** (NYSE:ETSY) reported upbeat earnings for the second quarter after the closing bell on Wednesday.

The company posted quarterly earnings of 98 cents per share which beat the analyst consensus estimate of 74 cents per share. The company reported quarterly sales of $668.313 million which beat the analyst consensus estimate of $649.065 million.

The company’s board authorized a new $2 billion share buyback program and announced plans to cut workforce by 12%.

Etsy shares rose 1.5% to $83.50 in pre-market trading.

These analysts made changes to their price targets on Etsy following earnings announcement.

-   Needham analyst Bernie McTernan maintained the stock with a Buy and raised the price target from $85 to $100.
-   JP Morgan analyst Bryan Smilek upgraded the stock from Neutral to Overweight and raised the price target from $85 to $100.

**Considering buying ETSY stock? Here’s what analysts think:**

_Photo via Shutterstock_

### Related Stocks

- [ETSY.US](https://longbridge.com/en/quote/ETSY.US.md)
- [JPM.US](https://longbridge.com/en/quote/JPM.US.md)
- [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md)
- [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md)
- [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md)
- [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md)
- [8634.JP](https://longbridge.com/en/quote/8634.JP.md)
- [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md)
- [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md)

## Related News & Research

- [Etsy (NYSE:ETSY) Rating Increased to Buy at Bank of America](https://longbridge.com/en/news/296489398.md)
- [Etsy's Workforce Reduction Sends a Massive Signal on Its Growth Strategy. How to Play ETSY Stock Now.](https://longbridge.com/en/news/295553001.md)
- [Rice Hall James & Associates LLC Purchases New Holdings in Etsy Inc $ETSY](https://longbridge.com/en/news/296208616.md)
- [Etsy director Marla J. Blow sells 300 shares worth $23,939.28](https://longbridge.com/en/news/296405288.md)
- [3 ways Etsy is investing in AI, according to its CEO](https://longbridge.com/en/news/295697511.md)