#1 - Etsy (NASDAQ:ETSY)
One way to get around the supply chain is to reduce the number of links in the chain. And that’s where a company like Etsy (NASDAQ: ETSY) makes sense. Because it’s a peer-to-peer e-commerce site, it may be more appealing to consumers who want unique hand-crafted gifts that will arrive in a reasonable timeframe.
That opinion is shared by Needham analyst, Anna Andreeva, who believes, Etsy is well-positioned to capitalize on the supply chain disruption. Andreeva advised investors to buy ETSY stock on any post-earnings dip. One reason says Andreeva is that “…with 60% of sellers being domestic, we think ETSY’s model wins this Holiday season amidst supply chain disruption.”
ETSY stock is up over 700% since the onset of the pandemic. However, the pandemic seems to have merely acted as an accelerant. Etsy has been growing revenue at an impressive clip over the last three years. With the $532.4 million the company logged in the third quarter, it’s well on pace to eclipse the $2 billion mark this year. And the company is generating impressive free cash flow as its revenue grows.
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
- $51.13
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 12 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $64.87 (26.9% Upside)
