Etsy Poised for Growth Despite Recent Struggles, Active Buyers at Record High
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Etsy is a unique e-commerce marketplace for non-commoditized goods like vintage, handmade, and artisanal items.
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Etsy struggled recently due to economic headwinds, but its market position remains strong and its growth strategy looks sensible.
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Active Etsy buyers hit a record high for the 3rd straight quarter, showing the platform's viability.
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Etsy's current valuation of 3.8x sales looks historically cheap compared to its 3-year average of 9.1x.
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One analyst believes Etsy's GMS could triple over the next decade, with 16%+ revenue growth by 2025.