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Etsy Stock in 2024: Boom or Bust?

TheMotleyFool

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Etsy Stock in 2024: Boom or Bust?: https://g.foolcdn.com/editorial/images/758362/online-shopping-add-to-cart-e-commerce.jpg

(NASDAQ: ETSY) used to be a darling on Wall Street. The stock quadrupled in 2020 and was up 67% before peaking in late 2021, riding impressive fundamental performance.

But thanks to macroeconomic worries, the business has seen its growth grind to a halt. And this has investors losing hope.

Shares of this top e-commerce company have had a terrible year, down 29% (as of Dec. 18). But 2024 could be a different story.

Source Fool.com