2 Green Flags Investors Are Missing About Etsy Stock

The rough year for (NASDAQ: ETSY) shareholders didn't improve after the tech company's latest earnings update. The stock price for this marketplace platform focused on handmade or vintage items and craft supplies declined in the wake of that early August report and is now down over 30% so far in 2023.

To be sure, there were some disappointing metrics in Etsy's announcement, including weaker spending patterns and a drop in sales volumes overall. But the business also made significant strides toward a growth rebound that might power strong returns for investors from here.

Let's take a closer look at two big green flags in Etsy's Q2 report that investors might be missing.

Source Fool.com