Reported 2 days ago
Etsy's stock has dropped significantly since the pandemic-driven highs, trading 76% below its peak as growth slows. Despite challenges, the company maintains a strong market position with a solid user base and a differentiated product offering. Analysts believe that with improved economic conditions and increased revenue, it's possible for Etsy's stock to double in the next five years, although uncertainties remain around achieving such returns. The current low valuation may also pave the way for growth.
Source: YAHOO