1 Growth Stock Down 70% to Buy Right Now
As a huge beneficiary of the coronavirus pandemic, (NASDAQ: ETSY) saw its sales and customer base skyrocket when people tried avoiding brick-and-mortar shopping. If you were a shareholder during this time, you were rewarded tremendously. However, things have taken a downward turn.
As of May 23, Etsy's stock is down 70% from its peak price set in November 2021. That's a huge decline for shareholders to swallow, and it demonstrates how much some of the best-performing pandemic winners have fallen out of favor.
But this growth stock might still be worthy of your investment dollars. Let's consider the bear and bull arguments to create a thoughtful perspective about the business.
Source Fool.com
