Roblox and Etsy Poised for Comeback Amid Economic Recovery Hopes
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Roblox operates a leading online entertainment platform and is at the forefront of the metaverse space. The stock is down 69% from its 2021 high.
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Roblox is posting strong user engagement and revenue growth again after a pandemic-related slowdown. The metaverse space has huge long-term potential.
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Etsy is an online marketplace for handmade and vintage items. The stock is down 80% from its 2021 peak due to e-commerce sector weakness.
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Etsy should benefit from expected interest rate cuts, normalized consumer spending patterns, newly returned user growth, and recent layoffs.
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Both Roblox and Etsy seem attractively valued and poised for a rebound if economic conditions improve as expected.