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Etsy’s stock price dropped by -20% and -26% in December 2021 and January 2022 year-to-date, respectively, due to WFH beneficiaries losing favor, and concerns about potential earnings misses. ETSY’s current valuations are more reasonable with forward P/E multiples in the thirties, and better-than-expected 4Q 2021 results could be a re-rating catalyst.
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