#4 - Etsy (NASDAQ:ETSY)
Etsy, Inc. (NASDAQ: ETSY) may not be the first name you think of as a disruptive technology stock. But maybe I can change your mind. First, Etsy helps consumers get more personalized, curated merchandise. Items on the platform can be ideal gifts for hard-to-buy for people (you know who you are). That’s a unique selling proposition that can be an advantage over big box stores and even Amazon.com (NASDAQ: AMZN).
I also think Etsy is a great choice here because the pandemic has changed the nature of work, perhaps permanently. Many people have turned a hobby into a side hustle or a full-blown business. And Etsy is a natural place for them to showcase their talents and merchandise.
Like any stock that has retail exposure, Etsy is facing tough market conditions and the company is not yet profitable. However, the company’s debt is very manageable and analysts are forecasting strong earnings growth in the next five years.
About Etsy
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
Read More - Current Price
- $55.46
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 12 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $64.87 (17.0% Upside)
