Etsy: Green Shoots Are Materializing

The Value InvestorInvesting Group LeaderFollow5ShareSavePlay(10min)Comment(1)SummaryEtsy is regaining appeal after divesting Depop and showing improved core platform engagement.Depop's $1.2B sale eliminates net debt, is accretive to EBITDA, and sharpens Etsy’s strategic focus.Core platform GMS is stabilizing, with management targeting positive GMS growth in 2026 through customer experience improvements.At ~$52, ETSY trades at a more attractive valuation, with real green shoots supporting consideration of a modest position.Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More » herstockart/iStock Unreleased via Getty Images At the start of this year, I believed that green shoots alone were not enough to generate optimism in the case of Etsy (ETSY). Continued declines in engagement and flattish gross merchandise sales indicated a loss ofThis article was written byThe Value Investor27.63K FollowersFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ETSY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Looking to establish more confidence to get involved at these levels.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.