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Why ETSY Stock Is Not Undervalued after 76% Fall

Etsy (NASDAQ:ETSY) used to reliably deliver 30% year-over-year revenue growth and healthy profit margins. Investors can look back to its Q2-2019 earnings report for proof. Then, the pandemic brought the stock to new heights. Revenue more than doubled in some quarters, and earnings growth was even higher. Despite its pre-pandemic status as a growth stock and the lockdown-induced surge now over, shares are not undervalued, in my view, and I’ll explain why. I’m bearish on ETSY stock. ...
Moderate Buy Revenue Growth Arnings Growth Peg Ratio Revenue Growth Rate
Source: yahoo.com

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