Professional
Added to YB: 2024-08-02
Pitch date: 2024-06-30
ETSY [bullish]
Etsy, Inc.
-18.65%
current return
Author Info
No bio for this author
Company Info
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers worldwide.
Market Cap
$4.3B
Pitch Price
$59.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.35
P/E
31.69
EV/Sales
N/A
Sector
Broadline Retail
Category
growth
Oakmark Global Fund New Position: Etsy, Inc.
ETSY: Global marketplace for unique goods. CEO Silverman transformed to high-margin, fast-growing biz. Covid boost, now out of favor. Investors fixated on near-term growth, missing long-term potential. Macro improvement & int'l expansion to drive growth. Recent selloff created buying opportunity below intrinsic value. Risks: prolonged macro weakness, competition.
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