Is Etsy Stock In Serious Trouble?
(NASDAQ: ETSY) stock's boom-bust of 2020 and 2021 is long gone, but the stock still asks shareholders for patience. Thanks to more sluggish financial performance to kick off 2023, Etsy has given back most of the positive momentum it built in the second half of 2022, and is down over 20% so far this year. This e-commerce marketplace must not have gotten the memo that a new "bull market" has begun.
Is Etsy in trouble? And if not, what will it take for the company to return to sustained long-term growth?
After years of double-digit percentage growth for e-commerce, the industry has matured. Blame the pandemic for accelerating this maturation, sure. Lockdowns likely pulled forward years of expansion. For over a year now, consumers have been rebalancing their mix of online purchases with more store visits.
Source Fool.com
