Etsy is Down 45% From Its High. Time to Buy?
E-commerce sales have slumped this year after a slowing of the online shopping surge spurred by the pandemic. As a result, most e-commerce stocks have fallen sharply.
Specialty goods and handcrafted e-commerce platform Etsy (NASDAQ: ETSY) has fared better than most other major e-commerce platforms this year. But despite better-than-anticipated earnings, its stock still remains down 45% from its high.
Does that mean it's a good time to buy this growth stock? Let's take a closer look to see.
Source Fool.com
