Despite the negative market reaction, some investors, such as Steph & Co., have increased their stake in the company. Meanwhile, one Wall Street analyst's projection of Etsy stock dropping to $60 and potentially $55 has caused additional market stir. The e-commerce company's decision to cut its workforce instigated even greater stock volatility. Noteworthily, both eBay and Amazon have emerged as tough competitors for Etsy in the online marketplace.
This tumultuous period for Etsy has not discouraged some investors. Various bullish reports cite various reasons to buy Etsy stock. Yet, many are skeptical over Etsy's near-term and three-year outlook, with the stock performance trending downwards over the last 12 months. Ultimately, the future of Etsy stocks remains a topical debate among investors and analysts alike.
Etsy Stocks News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 12:10:29 GMT - Rating -3 - Innovation 1 - Information -1 - Rumor -5