#5 - Etsy (NASDAQ:ETSY)
Prior to the pandemic, Etsy (NASDAQ:ETSY) may have been included on a list of stocks to sell. Not anymore. As it turns out, Etsy has been a pandemic winner. ETSY stock is up 347% in the trailing twelve-month period.
The company has recently presented its five-year strategic plan, called “Right to Win” which focuses on what Etsy feel are its four core elements: personalized search and discovery, human connections, a strong and trusted brand, and a marketplace with a wide variety of vintage and handcrafted items.
And the millennial and Gen-Z are not only the buyers of these items; they’re also increasingly the creators.
ETSY stock is in one of those positions where the consensus of analysts say the stock is a buy but the overall price target is lower. However, recent price targets are significantly higher. Investors will want to pay close attention to the company’s earnings report which is scheduled for late February.
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
- $56.81
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 13 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $63.17 (11.2% Upside)
