--- title: "研究警报：CFRA 维持对 ETSY 公司股票的买入评级" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/284974736.md" description: "CFRA 维持对 Etsy 的买入评级，将 12 个月目标价上调至 78 美元，基于 14 倍的企业价值/息税折旧摊销前利润（EV/EBITDA）倍数。他们将 2026 年的 EBITDA 预期提高至 8.14 亿美元，每股收益（EPS）预期提高至 5.32 美元。Etsy 第一季度显示总商品销售（GMS）增长 5.5%，受一次性因素的推动。第二季度展望显示持续增长，但下半年可能会面临挑战。客户指标正在改善，预计在 Depop 出售后将进行大规模股票回购" datetime: "2026-05-02T17:45:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284974736.md) - [en](https://longbridge.com/en/news/284974736.md) - [zh-HK](https://longbridge.com/zh-HK/news/284974736.md) --- # 研究警报：CFRA 维持对 ETSY 公司股票的买入评级 01:45 PM EDT, 05/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target by $4 to $78, based on a 14x EV/EBITDA multiple applied to our 2026 EBITDA estimate of $814M (raised from $770M; +11% Y/Y growth). We lift our 2026 EPS to $5.32 from $4.62 and 2027's to $5.72 from $4.91. ETSY ( ETSY ) delivered a strong Q1 beat, with GMS rising 5.5% Y/Y and active buyers returning to modest Q/Q growth. That said, results benefited from several one-time tailwinds, including FX (a 190 bps lift to GMS) and higher average order values due to tariffs and the removal of de minimis. The company's Q2 outlook, calling for GMS growth of 3%-5% Y/Y, suggests near-term momentum is intact. The key debate shifts to the back half of the year, when comps become more challenging. We remain constructive, supported by improving customer metrics, including stabilizing repeat and habitual buyer trends, which we attribute to recent app enhancements (e.g., personalization, discovery). We also expect a sizable share repurchase following the $1.2B Depop sale, which is anticipated to close by Q3. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### 相关股票 - [ETSY.US](https://longbridge.com/zh-CN/quote/ETSY.US.md) - [IBUY.US](https://longbridge.com/zh-CN/quote/IBUY.US.md) - [EBIZ.US](https://longbridge.com/zh-CN/quote/EBIZ.US.md) - [ONLN.US](https://longbridge.com/zh-CN/quote/ONLN.US.md) - [XRT.US](https://longbridge.com/zh-CN/quote/XRT.US.md) - [RTH.US](https://longbridge.com/zh-CN/quote/RTH.US.md) ## 相关资讯与研究 - [唯品会 618 年中特卖节将开启，上线 48 小时限量爆款活动](https://longbridge.com/zh-CN/news/286993489.md) - [塔吉特 Q1 业绩全面超预期，上调全年销售指引，华尔街反应积极](https://longbridge.com/zh-CN/news/287087231.md) - [ETSY｜8-K：2026 财年 Q1 营收 6.31 亿美元超过预期](https://longbridge.com/zh-CN/news/284555130.md) - [贝索斯专访：为亿万富翁辩护，反对过早监管 AI，特朗普” 比第一任期更成熟”](https://longbridge.com/zh-CN/news/287126924.md) - [沃尔玛一季度营收 1,777.5 亿美元，预估 1,750.6 亿美元](https://longbridge.com/zh-CN/news/287207094.md)