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Etsy Stock Is Down 55% From Its High. Time to Buy?

TheMotleyFool

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Etsy Stock Is Down 55% From Its High. Time to Buy?: https://g.foolcdn.com/editorial/images/714996/businessperson-writing-notes-in-the-office-and-drinking-coffee.jpg

Shares of handcrafted-goods marketplace Etsy (NASDAQ: ETSY) are down 55% from their all-time high. But they're also up 78% from their 52-week low, reminding investors how important perspective is when it comes to how you're gauging a stock's performance in the market.

Etsy's foundation looks solid enough for a compelling long-term investment, but it is facing roadblocks to its growth right now. That latter issue could limit returns in the near term.

Like other online marketplaces, Etsy experienced sensational growth because of the COVID-19 pandemic. But unlike its e-commerce peers, Etsy retained its growth, and that's worth a closer look.

Source Fool.com

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