With people stuck at home and brick-and-mortar shopping an unpopular (or impossible) option, (NASDAQ: ETSY) benefited greatly from the coronavirus pandemic. Active buyers, active sellers, and gross merchandise volume (GMV) soared. But the economic reopening, and the current inflationary period we've been experiencing, have hurt the business noticeably. 

As we try to step back and focus on the longer term, where will Etsy stock be in three years? Let's take a closer look at the prospects for this top e-commerce marketplace.

We can't really talk about Etsy without focusing primarily on what makes the marketplace so valuable in the first place. According to a recent survey, 87% of buyers on the platform said that it had items they couldn't find anywhere else. Think about how powerful that situation is. It immediately demonstrates why the business exists in the first place, plus just how wonderful a competitive position it has. 

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Source Fool.com