Reported about 1 month ago
Etsy's shares have dropped 81% from their peak in November 2021, making it a potentially attractive investment despite recent slowing growth. While the company's gross merchandise sales saw a 2.1% decline in Q2 2024, Etsy differentiates itself with a unique marketplace that attracts 96.6 million active buyers seeking specialized goods. With a favorable long-term outlook and a forward price-to-earnings ratio at its lowest in three years, this could be a smart buy for investors willing to wait for recovery.
Source: YAHOO