Like SHOP, they're supporting small business. They have over 90 active sellers from small businesses and just individuals to sell hand-crafted merchandise, not mass-produced junk. Customers are especially women making custom items like aprons. Etsy has made a fortune for them and for shareholders.
It's lost 40% in the rotation out of tech and into cyclicals, but recently the tide has turned with tech. Etsy popped 7% today alone. Today, it's buying its Brazilian peer.
Stockchase Research Editor: Michael O'Reilly This e-commerce company has been around a while. The pandemic allowed its platform to grow substantially. Earnings growth is expected to exceed 45% for the next five years, which makes the current 44x earnings, pretty decent value. We would buy this with a stop loss at $140, looking to achieve $226 -- upside over 32%. Yield 0% (Analysts’ price target is $226.13)
Even after the current and recent sell-off in growth/tech stock, this still trades at 9x sales which is still too high for a retail stock. Also, they last reported discouraging guidance.
They'll do well selling seeds as we enter gardening season. A wider tailwind is the continuing home improvement boom. Etsy now sells home improvement and gardening products.
Wait till they report (in February); they always report conservatively. This, Square, Paypal and Shopify have run so much. You can buy some then wait for a pullback--this applies to all these stocks.
Along with PayPal, this is the future of retailing with a huge young (children and young adults) user base and further accelerated by the stay-at-home trend.
Very interesting name in the current environment of doing things from home and consumers not going out to stores. Probably will be here to stay. 100s of billions of retail revenue potential. Growth stock. Interesting even with its runup.
Part of his Fear Factor portfolio of stocks that will thrive with or without government stimulus during Covid Instead of buying something handmade at the mall, you can it online through Etsy. Safe. Sells all kinds of stuff online, supporting individuals and small businesses. The stock won't quit.
(A Top Pick May 14/18, Up 13%) It is a baby AMZN-Q. Connecting unique sellers with buyers. This is an interesting play, trading at half the multiple of AMZN-Q. It actually makes money.
It is a fun site. It connects independents to customers. It is a baby AMZN-Q, who can't do what ETSY-Q can do. It is half the multiple of AMZN-Q. (Analysts' target: $31.00).
Etsy Inc. is a American stock, trading under the symbol ETSY (previously ETSY-Q on Stockchase) on the NASDAQ (ETSY). It is usually referred to as NASDAQ:ETSY or ETSY
Like SHOP, they're supporting small business. They have over 90 active sellers from small businesses and just individuals to sell hand-crafted merchandise, not mass-produced junk. Customers are especially women making custom items like aprons. Etsy has made a fortune for them and for shareholders.