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Etsy Inc. Might Surprise You In The Post-Pandemic Era
Summary
- Despite the pandemic being over, we've noticed that the number of buyers Etsy Inc. has managed to retain after COVID-19 is higher than pre-pandemic levels.
- In addition, we believe recent acquisitions of Depop and Elo7 could help Etsy Inc. to capitalize on new market opportunities while maintaining good margins.
- Further, due to the recent stock market crash, we think now is a good moment to invest in ETSY stock given an advantageous adjusted entry price point.
- Rating/recommendation: BUY.
Who we are?We are Finbuddy Investments, a growing Finance-focused online community creating high-quality and exclusive content to help you learn more about value stocks, market trends, and stay up-to-date with the latest investing opportunities! Our goal is to build the best online community on finance out there that helps you become a better investor!What to expect?In our articles, we aim to identify great companies with strong technology capabilities that we believe the market is currently underpricing. Once we discover one, we usually spend 2 weeks conducting strict analyses on balance sheets, and income statements to figure out the absolute competitive advantage. Then we try to enter the position at advantageous price points to double down on these less-obvious investing opportunities we believe have greater potential returns.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of ETSY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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