Analysts See Upside for Etsy and Paycom Stocks as Market Rebound Nears
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A stock market rally is expected soon, presenting buying opportunities in growth stocks like Etsy and Paycom.
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Etsy operates online marketplaces focused on handmade and vintage goods, with room to grow through AI and increased buyer frequency.
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Paycom provides HCM software and has distinguished itself through product innovation like self-service payroll.
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Both Etsy and Paycom are trading at valuation discounts compared to historical averages, presenting opportunities to buy.
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According to Wall Street analysts, Etsy could return 62% and Paycom could return 51% over the next 12 months.