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1 Beaten-Down Stock to Buy With $1,000 Right Now and Hold for 5 Years

TheMotleyFool

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1 Beaten-Down Stock to Buy With $1,000 Right Now and Hold for 5 Years: https://g.foolcdn.com/editorial/images/768708/opening-online-shopping-pet.jpg

Since its initial public offering in spring 2015 running up to its all-time high in November 2021, shares of Etsy (NASDAQ: ETSY) skyrocketed 890%. Driven by robust demand for its differentiated product offerings, the company grew rapidly.

But it's been a wildly different story since then. As of this writing, the e-commerce stock is down 76% from that peak. Investors are now staring at what might be a compelling buying opportunity.

It might be a good idea to invest $1,000 into Etsy's beaten-down shares, with the intention of holding for the next five years.

Source Fool.com