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Home » Why ETSY Stock Is Not Undervalued after 76% Fall

Why ETSY Stock Is Not Undervalued after 76% Fall

    Etsy (NASDAQ:ETSY) used to reliably deliver 30% year-over-year revenue growth and healthy profit margins. Investors can look back to its Q2-2019 earnings report for proof. Then, the pandemic brought the stock to new heights. Revenue more than doubled in some quarters, and earnings growth was even higher. Despite its pre-pandemic status as a growth stock and the lockdown-induced surge now over, shares are not undervalued, in my view, and I’ll explain why. I’m bearish on ETSY stock. Why Some Bulls

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