#5 - Etsy (NASDAQ:ETSY)
There are two sides to managing the resumption of student loans. The first four stocks in this report deal with how debtors can directly manage their loan payments. Etsy, Inc. (NASDAQ: ETSY) presents another alternative. That is managing rising debts by increasing income.
This mindset was on display in 2020 and 2021. Many people started new businesses as a primary or secondary source of income. That may have been done out of necessity as many people had no job to go to. But whatever the motivation, it may be time to dust off that playbook again. And Etsy is one option.
ETSY stock is down about 43% in 2023. But that may not reflect the company's revenue and earnings, which continue to show strength. At 23x earnings, some analysts may view ETSY as being overvalued. But with the stock trading near a 52-week low, it could be an opportunistic buy in the fourth quarter of 2023 and beyond.
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.
More- Current Price
- $55.07
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 14 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $62.42 (13.3% Upside)
