Could Etsy Be a Millionaire-Maker Stock?
Etsy (NASDAQ: ETSY) is an e-commerce site that differentiates itself from the competition by providing a marketplace for independent sellers offering handmade goods and other crafted items. This niche enables Etsy to provide unique products to attract shoppers.
When I first wrote about Etsy last September, shares were battered by an underwhelming quarterly report, but I believed the stock would recover. With its 2020 first-quarter earnings results, the stock skyrocketed, hitting a 52-week high of $88.02 on May 18.
Is it too late for investors to obtain outsize returns from Etsy? Let's dive into the company's business to answer that question.
Source Fool.com
