Should Investors Buy the Dip in Etsy Stock?
Etsy's (NASDAQ: ETSY) stock closed at an all-time high of $296.91 last November. The e-commece company initially dazzled investors with its robust growth throughout the pandemic. But over the past 12 months, its stock plummeted back to about $120 per share as investors fretted over its slowing growth and shrinking margins in a post-pandemic world.
Does that pullback represent a good buying opportunity for patient investors? Let's review the reasons for Etsy's near-term slowdown, its main tailwinds and headwinds, and its valuations to decide.
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Source Fool.com