We recently compiled a list of the 10 Firms Buck Market Bloodbath on Monday. In this article, we are going to take a look at where Etsy Inc. (NASDAQ:ETSY) stands against the other stocks.

The stock market suffered a bloodbath anew on Monday, with the Nasdaq plunging to its worst level in three years over concerns about the health of the US economy after the Trump administration acknowledged the possibility of a potential rough patch.

The tech-heavy Nasdaq fell the heaviest, down 4 percent, followed by the S&P 500, which declined by 2.7 percent. The Dow Jones, for its part, dropped by 2.08 percent.

Meanwhile, 10 companies managed to book modest gains, bucking the broader market caution. We have identified the names that led the charge and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

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Etsy, Inc. (NASDAQ:ETSY)

Etsy, Inc. (NASDAQ:ETSY) grew its share prices by 3.95 percent on Monday to finish at $48.65 apiece as investors resorted to bargain-hunting following an all-time low the trading day prior amid the lack of catalysts to boost investing appetite and a series of conservative ratings from investment firms.

In its latest earnings release, Etsy, Inc. (NASDAQ:ETSY) said that it experienced lower gross merchandise sales and a decrease in the number of active buyers during the fourth quarter of 2024. Consolidated GMS declined by 6.8 percent to $3.7 billion, while GMS from its marketplace dropped 8.6 percent to $3.3 billion as a result of pressures on consumer discretionary product spending, challenging year-over-year comparisons in a shortened holiday season, category mix, and a highly promotional and competitive retail environment.

The number of active buyers also dropped 2.6 percent year-on-year, while the active seller count decreased 10 percent during the same comparable period.

Several analysts also gave the company a conservative outlook. Jefferies, for instance, assigned the company a “hold” rating and a price target of $55; Deutsche Bank downgraded Etsy, Inc. (NASDAQ:ETSY)’s rating to “hold” and cut its price target to $43.

Overall ETSY ranks 10th on our list of Monday's top gainers. While we acknowledge the potential of ETSY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ETSY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.