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HomeBusinessETSY Poor Q2 performance and difficulties in the retail and e-commerce sector

ETSY Poor Q2 performance and difficulties in the retail and e-commerce sector

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ETSY Wiki

Poor Q2 performance and difficulties in the retail and e-commerce sectors have contributed to a 30% drop in Etsy’s stock year to date.
The company is vulnerable to risks like losing market share in a tighter spending environment and having its entire market opportunity constrained by a category-specific approach.
The stock’s recent decline has made it more cheaply priced, and positive catalysts include sustained growth in new buyers and cheaper seller costs compared to competitors.

Most tech equities have surged strongly this year, with nearly no exceptions. And while many companies have faltered this earnings season despite exceeding forecasts, the vast majority are still holding on to double-digit gains.

https://www.parisjewelry.com/

One company that doesn’t fit this mould is Etsy (NASDAQ:ETSY). In line with the overall downturn in the retail and e-commerce sectors, this arts and crafts e-commerce company has seen its year-to-date revenue drop by almost 30%. Stock in Etsy has fallen around 20% after the company’s Q2 earnings report.

For an online retailer that may see sluggish profit growth, Etsy’s price tag looks excessive Jefferies also noted in March 2023.

According to analyst Colantuoni, that enterprise multiple would place the company ahead of other internet platform giants including Meta Platforms (META), Match Group (MTCH), and Amazon.com (AMZN). A premium of that magnitude “appears unsustainable,” according to the researchers.

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