Etsy Stock Just Crashed 10%. Is It a Buy?
Online crafts fair Etsy (NASDAQ: ETSY) says it operates "online marketplaces that connect millions of passionate and creative buyers and sellers." But on Friday, it was mainly sellers in evidence around Etsy stock.
After German megabank Deutsche initiated coverage of Etsy with a half-hearted "hold" rating (and a $145 price target indicating only a few percentage points worth of upside in the stock), Etsy stock plummeted -- down 9.8% as of 1:05 p.m. ET.
And that got me excited.
Source Fool.com
