Better Buy: Etsy vs. eBay Stock
Wall Street isn't very excited about either eBay (NASDAQ: EBAY) or (NASDAQ: ETSY) stock these days. The two e-commerce businesses are enduring a painful growth hangover in 2023 after sales soared through most of the pandemic. Shifting consumer spending patterns mean these marketplace specialists are more focused on holding on to those pandemic gains rather than expanding sales at a blazing clip.
Yet, eBay and Etsy are still fantastically strong companies with many attractive growth avenues to pursue. And with their stock prices down due to short-term concerns, now might just be the perfect time to put one of them in your portfolio. But which is the better buy? Let's dive right in.
Growth-focused investors will find more to like about Etsy stock right now. That's because eBay is expanding sales at a slower clip (5% in Q3 compared to Etsy's 7%). Etsy is also gaining buyers, which is a critical factor for supporting sales volumes. Merchants tend to follow consumers to whatever platform they are using, after all. Last quarter, Etsy expanded its buyer pool by 4% to a record 92 million. eBay's pool shrank by 1%, in contrast.
Source Fool.com
