NASDAQ:ETSY - Nasdaq - US29786A1060 - Common Stock - Currency: USD
Meta stock analysts said Trump's plan to target a loophole utilized by Temu and Shein could hit ad revenue for Facebook and Instagram.
Growth stocks soared last year as investors piled into high-potential players like artificial intelligence (AI) companies. In fact, these stocks led the S&P 500 (SNPINDEX: ^GSPC), the Nasdaq Composite (NASDAQINDEX: ^IXIC), and the Dow Jones Industrial Average (DJINDICES: ^DJI) each to a double-digit gain for 2024 -- they rose 23%, 28%, and 12%, respectively. Etsy (NASDAQ: ETSY) connects sellers of handmade and vintage items with buyers through its e-commerce platform.
Etsy upgraded, Pinterest downgraded: Wall Street's top analyst calls
Etsy currently trades at $56.75 per share and has shown little upside over the past six months, posting a middling return of 2.5%. This is close to the S&P 500’s 7.3% gain during that period.
Stock buyback announcements are rolling out for a certain group of stocks to give investors new reasons to expect more upside potential.
Costco and Walmart stock have outrun many top tech peers in a complex consumer environment.