The Stock Watcher
Sign InSubscribe
Breaking News

Etsy Stock: Bull vs. Bear

Share this article

Etsy stock performance in 2022. Bull vs bear opinion.

etsy stock

Etsy (ETSY -0.60%) investors had a rough 2022. The stock underperformed a weak market on fears about whether the e-commerce platform's growth could continue. Adjusted earnings fell 65% to 58 cents a share, as expected. Etsy stock jumped 10% on the news. For its fourth quarter, analysts expect revenue to be up 12% year over year. Despite these concerns, investors should take a closer look at Etsy. According to my valuation, the intrinsic value for the stock is $186.51, but it is currently trading at US$85.02. That makes it a bargain right now.

Etsy's success depends on its ability to attract new buyers and sellers to its platform. To do this, the company has been investing heavily in marketing, product development, and other initiatives. This has resulted in increasing costs and lower profits for the company. Despite these concerns, Etsy's revenue has been steadily increasing.

In the third quarter of 2022, Etsy reported a net income of $7.9 million, up from $3.3 million in the same period a year earlier. This was primarily due to a price hike, which helped to offset rising costs. Although volume was about steady with last year in the third quarter, revenue increased due to a price hike. Etsy is still balancing growth in its user base with cost management in order to maintain profitability.

Etsy's stock performance in 2022 has been mixed. Shares of Etsy (ETSY -0.60%) were hit hard over the last year due to these concerns. The stock is down nearly 40% since early 2022, in fact. However, investors should take a look at the company's long-term performance. Since its IPO in 2015, the stock has gained more than 400%.

Etsy's growth prospects are still strong. The company is well-positioned to benefit from the growth in the e-commerce market. It has also invested in expanding its marketplace to include more categories and markets, which will help to drive future growth.That's because Etsy doesn't stock and ship items. Instead, it relies on its community of sellers to provide the goods. This allows the company to keep costs down and margins high. Today, Etsy shares are trading for almost 33 times forward earnings estimates, making it one of the cheaper stock in the market. Classification: Popular

Category: stock


May Interest You

Share this article
3640 Concord Pike Wilmington, DE 19803
About TheStockWatcher
© 2023 - TheStockWatcher. All Rights Reserved