Here's Why Etsy (ETSY) is a Strong Growth Stock

Company Overview - Etsy operates a two-sided marketplace platform called Etsy.com and completed its Initial Public Offering (IPO) in 2015 [3] Investment Analysis - Etsy is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of B, indicating a solid position among stocks [20] - The company has a Growth Style Score of A, forecasting year-over-year earnings growth of 2.9% for the current fiscal year [13] - For fiscal 2024, the Zacks Consensus Estimate for Etsy's earnings has increased by $0.01 to $2.49 per share, with an average earnings surprise of 32.8% [22] Zacks Rank and Style Scores - The Zacks Rank is a proprietary stock-rating model that employs earnings estimate revisions to assist in building a winning portfolio [16] - Stocks with a 1 (Strong Buy) or 2 (Buy) rank and Style Scores of A or B are considered to have the highest probability of success [5][19] - The VGM Score combines value, growth, and momentum characteristics, helping investors identify stocks with the most attractive profiles [15]