2 Reasons Etsy Stock Looks Really Cheap
After its stock price climbed 301% in 2020, it might be difficult to understand how Etsy (NASDAQ: ETSY) could still be a great stock to buy right now. After all, management is calling for revenue growth to decelerate to a range of 15% to 25% year over year in the second quarter, which is way down from the triple-digit percentage growth levels achieved last year.
Still, Etsy's stock price surged nearly 20% over the last month after management announced it was acquiring fashion resale marketplace Depop and the Brazil-based marketplace Elo7.
It may not have been the acquisitions themselves that sent the stock surging. Instead, the recent deals might have been a wake-up call for investors that Etsy still has tremendous growth opportunities ahead. Here are two reasons why Etsy's stock still looks cheap and why it is a compelling buy right now.
Source Fool.com
