Down over 50%, Should Investors Buy Etsy Stock After Its Strong Q2 Performance?
Etsy (NASDAQ: ETSY), a popular online marketplace where consumers can buy and sell unique, one-of-a-kind goods, experienced a rocky first half of 2022, slumping 66% through June 30. After delivering striking results in the thick of the pandemic, the company struggled to sustain growth in recent quarters. A reopening economy and a weakening consumer as a result of high inflation and rising interest rates have proved to be a grave problem for e-commerce businesses.
That said, the company's second-quarter earnings report, which it posted on July 27, served as an upbeat signal that Etsy's business is built to last -- sending the stock up nearly 10% on the day following the report. Should investors buckle up and buy Etsy stock right now?
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Source Fool.com
