Etsy: Shares Offer Significant Value At Current Prices

Sep. 09, 2022 1:28 PM ETEtsy, Inc. (ETSY) StockAMZN, EBAY, ETSY2 Comments
WideAlpha
5.8K Followers

Summary

  • ETSY has been on a roller coaster ride, initially benefiting from Covid, but now facing growth deceleration due to the economy reopening.
  • For a number of reasons, we believe ETSY can resume growing at a decent pace.
  • Shares are attractively valued, with several valuation indicators below their historical averages.

Etsy IPO Opens On Nasdaq

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Few companies benefited from the Covid lock-downs more than Etsy (NASDAQ:ETSY), as can be seen on its price graph. After an initial dip shares went on to rise several fold. However, with the economy reopening, growth decelerated and shares

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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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