Where Will Etsy Stock Be in 3 Years?
(NASDAQ: ETSY) has taken investors on a wild ride over the past few years. The online marketplace specialist's shares soared through most of the pandemic but fell hard during the subsequent pullback in e-commerce and consumer discretionary spending. If you bought Etsy stock a year ago, you'd be looking at losses of nearly 50% right now.
Yet its industry should eventually rebound. And in the meantime, Etsy is making aggressive moves aimed at reducing costs and accelerating growth. Let's see how these factors might set investors up for better returns over the next several years.
There hasn't been much for shareholders to celebrate in Etsy's recent operating updates. Sales volumes were flat last quarter, for example, meaning all its revenue growth came from its non-core business lines like advertising and transaction fees. That result stacks up poorly against more established industry peers like Amazon and Shopify, which are reporting double-digit volume growth right now.
Source Fool.com
