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Etsy Launches AI-Powered Shopping Tool for Selecting Gifts
PYMNTS· 2024-01-24 15:12
Etsy has launched a hub that uses artificial intelligence (AI) and human curation to help shoppers find gifts for any occasion.The new Gift Mode is interactive and helps shoppers discover gifts that align with the recipient’s specific interests, Etsy CEO Josh Silverman wrote in a Wednesday (Jan. 24) announcement.“Gift Mode helps to solve two of the most vexing problems for givers,” Silverman said. “One, finding the perfect gift, something that feels creative and personal even if the gifter doesn’t doesn’t k ...
Etsy's 30% Slump in 2023 Could Be a Brilliant Entry Point for Returns in 2024 and Beyond
The Motley Fool· 2024-01-24 06:59
Let's talk Etsy (ETSY -0.85%), the 2024 edition.Last year, the e-commerce site's stock price took a 30% nosedive. CEO Josh Silverman noted at the end of 2023 that the company faced a "challenging environment for spending" on the types of goods the company helps sell through its online marketplace. Gross merchandise sales (GMS) grew by only 1.2%, and external pressures including inflation weighed heavily on consumer-to-consumer sales. It may sound like trouble in paradise, but there's more to this story than ...
Etsy (ETSY) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-01-22 23:56
Etsy (ETSY) closed the most recent trading day at $70.82, moving +0.23% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.22%. Meanwhile, the Dow experienced a rise of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.32%.Coming into today, shares of the online crafts marketplace had lost 16.82% in the past month. In that same time, the Computer and Technology sector gained 3.64%, while the S&P 500 gained 1.61%.Analysts and investors alik ...
1 Magnificent Growth Stock Down 66% that Could Roar Higher in 2024
The Motley Fool· 2024-01-22 11:05
Though many growth stocks skyrocketed last year, leading the three major indexes higher, some quality players got stuck on the sidelines. And one of those promising players is Etsy (ETSY 2.08%), an e-commerce company that connects sellers of handmade items with buyers. In fact, over the past three years, the stock has dropped about 66%.Investors worried that customers, watching their wallets amid rising inflation, may put off discretionary purchases -- and these cautious investors haven't been entirely wron ...
Etsy's Stock: Bull vs. Bear
The Motley Fool· 2024-01-21 10:30
Down by more than a third in the last 12 months, Etsy's (ETSY 2.08%) stock is getting mixed reviews from the bulls and bears.The bulls think that Etsy's unique proposition positions the niche marketplace to gain market share in the long run. The bears, however, question whether Etsy can regain its growth momentum after delivering sluggish performance in the last two years.I'll delve into the arguments presented by both sides, which should give investors a balanced view of Etsy's prospects as an investment o ...
3 Tech Stock Titans That Have 10X Potential by 2030
InvestorPlace· 2024-01-19 10:06
Tech stocks can be a great way for investors to achieve outsized returns in the stock market. Over the last decade, there are a number of technology companies that have minted new millionaires. As we transition into a new bull market, now is the best time to position your portfolio for future success.These 3 tech stocks have emerged as industry leaders, with significant potential to outperform the market through 2030. If you’re looking for a get rich quick scheme, then these companies are probably not for y ...
Etsy (ETSY) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-01-18 00:06
Etsy (ETSY) closed at $68.32 in the latest trading session, marking a +0.68% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.56%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 0.59%.The the stock of online crafts marketplace has fallen by 22.03% in the past month, lagging the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 1.2%.Market participants will be closely following the financial results of Etsy in its upco ...
Is Trending Stock Etsy, Inc. (ETSY) a Buy Now?
Zacks Investment Research· 2024-01-15 15:32
Etsy (ETSY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this online crafts marketplace have returned -12.8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Internet - Services industry, to which Etsy belongs, has gained 7.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports o ...
Why Did Etsy Stock Fall More Than 35% in the Last 12 Months?
The Motley Fool· 2024-01-12 12:45
When a company goes one way and its competitors go another, it pays to consider what exactly is going on. E-commerce site Etsy (ETSY -2.25%) has seen its shares lose more than a third of their value over the past 12 months, while Amazon and Shopify have gained 66% and 100%, respectively.Etsy's declining stock price has attracted bargain hunters looking to buy the stock on the cheap. But before investors start loading up the stock, they must understand the factors behind its poor performance. Only then can ...
Etsy Stock Dropped 32% in 2023 Even Though the Market Had a Great Year. Here's Why.
The Motley Fool· 2024-01-10 19:55
Shares of handcrafted goods e-commerce platform Etsy (ETSY -2.92%) dropped 32.3% in 2023, according to data provided by S&P Global Market Intelligence. That drop might not sound so bad. However, the S&P 500 was up 24% last year. Therefore, Etsy stock underperformed by a painful amount for shareholders.Normally when looking at a full-year chart, investors can see sharp increases and decreases in the stock price, signaling which events were most significant. But in the case of Etsy, the chart below shows that ...