That logarithmic chart is real interesting. 1) You see exponential growth continues, but also 2) it may be hard to believe that there have been two (2) -80% drops in its history and a third -60% drop. Kinda the poster child for not giving up on a stock simply because it drops -80%. You give it a chance, and it could do that to you 2 more times, right? Turns out I was right this year, in a monkey paw-ish way.
Etsy shares are trading higher after Deutsche Bank maintained a Hold rating on the stock and raised its price target from $95 to $115. Feb 2, 2023 11:09a ET --- my wife uses etsy. probably a package at the door right now. she keeps them and all the delivery services in business.
I use Etsy for Xmas gifts, fun to find something unique which the gift recipient doesn't have already. Like all good craft fairs though, the mass producers are starting to horn their way in. Only a $17B market cap right now, at its highest was only $40B.
