360 Spotlight: Etsy (ETSY) After Earnings

"A lot of what happens with Etsy ties to the macro environment," says Sean Dunlop. He says Etsy has done brilliantly in holding onto pandemic-driven Gross Merchandise Volume. However, he points out that Etsy is a discretionary and cyclical company and in the case of a recession consumers would cut spending on most of its main products. Long-term, he thinks Etsy will continue to grow and targets $300 in per-buyer spend.