Etsy's stock (NASDAQ:ETSY) has seen a significant drop, reaching a 52-week low of $47.03, an overall decrease of 5.4%. This has raised questions on whether it's a suitable time for investors to buy. Nonetheless, noting the
80% plunge in stock price is not necessarily indicative of the end of Etsy's troubles.
Revenue shortfalls and decrease in merchandise sales resulted in the share drop, however, some analysts believe in Etsy's potential for long-term strategy pay off. A new position has been purchased by Wealthfront Advisers LLC, and Charles Schwab Investment Management Inc has grown its stock holdings, whereas Bank of New York Mellon Corp sold 609,625 shares. Options trading for ETSY stock is uncommonly high, with an
increased volume of call options purchased. Etsy has been suggested by hedge funds as a potential cheap internet stock investment while facing the challenges of balancing growth and e-commerce stock.
Citi maintains a neutral stance but has raised the price target to $56.
Etsy Stocks News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Sun, 16 Mar 2025 01:35:18 GMT -
Rating -8
- Innovation -5
- Information 2
- Rumor -4
