1 Growth Stock Down 71% to Buy Right Now

The Nasdaq Composite Index soared 32% during the first six months of 2023, a very exciting rebound following the double-digit decline last year. But not all stocks have fared as well as the overall tech-heavy index.

(NASDAQ: ETSY) is the perfect example of a business that's been disappointing to investors. As of July 3, shares were down 29% this year and 71% from their November 2021 all-time high. Despite this poor recent performance, there are still some valid reasons for investors to buy the stock right now.

Let's take a closer look at the online marketplace known for its unique and handmade merchandise.

Source Fool.com