3 Watertight Reasons Etsy Could Rocket Higher in 2024

(NASDAQ: ETSY) was on top of the world a couple of years ago. The pandemic led to a surge in demand for online shopping, which bolstered the company's financials and share price.

But it's been a disappointing story since then. Macro headwinds, coupled with the normalization of consumer behavior, have just about put a pause on growth. Etsy shares are currently 72% below their peak price.

With 2023 coming to a close, all hope isn't lost. Investors should be optimistic as we look ahead. Here are three watertight reasons that this top e-commerce stock could rocket higher in 2024.

Source Fool.com