Etsy, Inc.
ETSY
pitch
long
Mingming Wu, Kyle Campbell, K.Y. Wong
Thesis
Etsy's unique position as a leader in handmade e-commerce is underappreciated by the market. The company's commitment to its sellers and the introduction of Etsy Ads are expected to drive significant buyer growth, leading to a projected price target of $86, representing a 76% upside.
Did it work?
failed
confidence: high
The stock price has increased by only 29.7% since the pitch, which is significantly below the projected target of $86 and the expected 76% upside. Given that 88 months have passed, this performance does not align with the long-term bullish thesis, indicating that the anticipated growth and market appreciation did not materialize as expected.
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