1 Growth Stock Down 25% This Year to Buy and Hold

After suffering the brunt of last year's bear market, growth stocks have been rebounding since the beginning of 2023. But not all growth stocks are joining the party. E-commerce specialist (NASDAQ: ETSY) is one of the laggards, with its share price down 25% since the year started.

The tech company is undoubtedly facing some issues that are hard to ignore. Still, opportunistic investors won't want to miss this chance. Etsy stock is worth buying, especially at current levels. Here's why.

Let's first consider why Etsy's stock is dropping, even as much of the market is moving in the opposite direction. The culprit is likely the company's financial results.

Source Fool.com