Where Will Etsy Stock Be in 5 Years?
The COVID-19 pandemic shut the world down, and lockdowns and movement restrictions boosted demand for stay-at-home activities. Online craft marketplace (NASDAQ: ETSY) was a natural beneficiary of this trend. Its stock price soared, with investors seeming to believe that the boom times would never end.
Now, the company's price tag has dropped substantially -- potentially putting it on the radars of value-hungry investors. Let's dig deeper to see if this beaten-down stock can recover over the next half-decade.
Etsy is a relatively established e-commerce marketplace. It was founded in 2005 and went public 10 years later. The company differentiates itself through a focus on handmade, vintage, and craft items, and it was a natural beneficiary of the COVID-19 pandemic as people turned to online shopping and self-employment while stuck at home during the crisis.
Source Fool.com
