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Etsy (NASDAQ: ETSY) used to be a darling on Wall Street. The stock quadrupled in 2020 and was up 67% before peaking in late 2021, riding impressive fundamental performance.
But thanks to macroeconomic worries, the business has seen its growth grind to a halt. And this has investors losing hope.
Shares of this top e-commerce company have had a terrible year, down 29% (as of Dec. 18). But 2024 could be a different story.