ETSY - Can This Bargain Stock Turn $1000 Into $3000 by 2030?
2023-12-23 06:45:00 ET
Etsy (NASDAQ: ETSY) was once a huge winner on Wall Street. But due to macro headwinds and slower growth, the stock has disappointed -- falling 30% just this year. Investors are hoping the e-commerce site, known for its distinctive goods, can turn things around.
Etsy's current share price is just under $84 (as of Dec. 20). If this e-commerce stock triples between now and the end of 2030, investors would be looking at a compound annual growth rate of 17%. This would almost certainly beat the performances of both the S&P 500 and the Nasdaq Composite index.
But is it even a realistic outcome? Or should investors temper their expectations? Here's what you need to know.
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Can This Bargain Stock Turn $1,000 Into $3,000 by 2030?