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1 Growth Stock Down 81% to Buy Right Now

TheMotleyFool

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1 Growth Stock Down 81% to Buy Right Now: https://g.foolcdn.com/editorial/images/788933/opening-online-shopping-pet.jpg

Not that long ago, (NASDAQ: ETSY) was one of the top companies that investors could have owned. From the pandemic low in March 2020 to their all-time high in November 2021, shares skyrocketed 837%.

But slowing growth and the market's disdain for growth tech stocks pressured investor sentiment. Etsy currently trades 81% below its peak price. But it's still a smart buying opportunity right now.

Etsy's growth was through the roof in 2020 and 2021. The company was adding buyers and sellers to its platform. Its gross merchandise sales (GMS) were soaring. Demand was very strong.

Source Fool.com