Etsy Stock: Buy, Sell, or Hold?
Businesses can equally create value or destroy value for their shareholders. And handcrafted retail company (NASDAQ: ETSY) has done a bit of both lately. Perhaps this is why the stock isn't beating the market over the last five years -- it's merely keeping pace with the S 500.
I wouldn't hit the sell button just yet on your Etsy shares. I'll explain the struggles. But the situation isn't as dire as the stock price might lead you to believe.
In the second quarter of 2023, Etsy posted revenue growth of just 7.5%, which was one of its slowest growth rates ever. That said, the company is still growing its top line and has yet to report a year-over-year drop in quarterly revenue as a public company. Etsy had its initial public offering (IPO) in 2015.
Source Fool.com
