Buy Etsy Stock on Its Post-Earnings Dip. Here's Why.

(NASDAQ: ETSY) shares plunged on Thursday following the release of its second-quarter numbers and third-quarter outlook. While Q2's top and bottom lines both came in better than analysts expected, guidance for the quarter currently underway was light. CEO Joshua Silverman also acknowledged that inflation is still forcing people to make "tough choices" with their spending, further discouraging shareholders.

Except, what if Etsy stock's steep sell-off was less about the company's plausible future and more about the broad market's current bearish conditions?

That may well be the case, making this dip a prime buying opportunity.

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Source Fool.com