Etsy downgraded to In Line from Outperform at Evercore ISI

Evercore ISI downgraded Etsy (ETSY) to In Line from Outperform with a price target of $73, up from $72. Etsy produced “a solid beat” in Q3, but the firm thinks the algorithm “loses some appeal here” as its model now points to margin contraction and a modest adjusted EBITDA decline in 2026. With the year-to-date run-up in the stock and today’s CEO transition announcement injecting a bit of uncertainty, “we think it’s time to check out for now,” the analyst tells investors.