Is Etsy Stock a Buy?

Wall Street pros haven't bought into the (NASDAQ: ETSY) rebound story yet. The e-commerce platform's stock, which had seen huge gains during the pandemic, is down sharply so far in 2023 even as the tech-heavy Nasdaq Composite has soared.

There are some good reasons for that underperformance, including the fact that Etsy's sales volumes have barely budged over the last few quarters. Profit margins are much lower than they were two years ago, too.

Yet the platform is growing, and Etsy has a good shot at boosting annual earnings with help from rising buyer fees. Against that mixed backdrop, let's take a fresh look at whether the stock is a buy today.

Source Fool.com