Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Etsy Poised for a Bull Run in 2023?

TheMotleyFool

0 0

Is Etsy Poised for a Bull Run in 2023?: https://g.foolcdn.com/editorial/images/712929/small-business-etsy-pottery-craft.jpg

Etsy (NASDAQ: ETSY) has been a fantastic growth stock over the past 10 years. Its 21% annualized return more than doubled the return of the S&P 500 during that same period.

But like most online retailers, 2022 has been a tough year for the e-commerce platform. The stock sits down 40% this year, largely due to the overall bear market and also investors' growing concern over the cooling economy.

Investors eyeing this growth stock at today's beaten-up pricing may be wondering if it has what it takes to bounce back in the coming year. Here's why Etsy could not only bounce back in 2023 but soar over the long term.

Source Fool.com

Like: 0

ETSY

Share