Analysis: Etsy share 2023 - will there be no growth?

Analysis: Etsy share 2023 - will there be no growth?

According to a report by www.aktienwelt360.de, Etsy stock faces a “grow or go” decision in 2024. The author of the report takes a critical view of the stagnating share price and the declining sales figures.

After analyzing the report, it can be seen that Etsy stock has faced challenges in 2023. Although sales rose 8.4% to $1.90 billion, gross merchandise volume fell 1.4% to $9.15 billion. Despite an increase of 19% in sellers and 3.4% in buyers, the growth was not reflected in the volume of goods. The forecasts for the fourth quarter are also not promising, as gross merchandise volume is expected to decline again.

The acquisitions of Depop and Elo7 were intended to bring new growth, but so far they don't seem to be having the desired effect. Profitability has also stalled, although it reported net income of $224 million in the first three quarters.

The stock's valuation shows that further growth is required to justify the current valuation. With this in mind, the author urges that Etsy stock should either grow or otherwise perform in 2024.

This analysis suggests that Etsy stock may be heading into a period of increased growth to boost its share price and strengthen its position in the market. It remains to be seen whether the necessary measures will be taken to restore growth momentum and regain investor confidence.