12:45 PM EDT, 10/29/2025 (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 price by $8 to $88, based on a 17x EV/EBITDA multiple (up from 16x) applied to our 2026 adjusted EBITDA estimate of $738M (from $731M; 2025 adjusted EBITDA up to $731M from $723M). We lift our 2025 adjusted EPS estimate to $4.17 from $3.83 and 2026's to $4.40 from $4.27. Our revisions reflect strong growth at Depop, a small but fast-growing fashion resale marketplace, and sequentially improving gross merchandise sales (GMS) in the Etsy ( ETSY ) marketplace, which we believe is well positioned for a strong 2026, supported by recent app/site enhancements, the launch of a new loyalty program (should drive higher purchase frequency), and potentially easing tariff headwinds. We also view ETSY ( ETSY ) as a key beneficiary of agentic commerce, noting its recent partnership with OpenAI. We like ETSY ( ETSY ) shares for their industry-leading profitability (mid-20% adjusted EBITDA margins) and active share repurchase program. We think shares are trading lower due to the CEO change, which we feel is unjustified.