Is Etsy Stock a Buy?
E-commerce platform Etsy (NASDAQ: ETSY) has built something special in the retail sector. It's website, which focuses on the sale of handmade or vintage items and craft supplies, has taken that feeling of stumbling onto that unique store you found on vacation and blown it up on a massive scale, and it's attracting buyers and sellers like a magnet.
Stock in the company has risen sharply in 2020, as growth exploded following the onset of the COVID-19 pandemic. But there are three reasons why shares have more room to climb.
Etsy's revenue soared 137% year over year last quarter. Growth will likely moderate as more stores get back to normal operations, but even before the pandemic began, the company was growing revenue above 30%.
Source Fool.com
