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  /  News   /  PayPal Shuts 4.5M Accounts: All You Need To Know

PayPal Shuts 4.5M Accounts: All You Need To Know

Etsy Scores an Upgrade. The Valuation Is Better Now.

Etsy stock’s plunge has brought its valuation back to a more appropriate level compared with late last year, according to analysts at UBS. Etsy was one of the worst-performing stocks in the S&P 500 index in January, along with Moderna (MRNA). At current levels, shares are trading at approximately nine times the gross profit Etsy is expected to bring in for 2023, and roughly 22 times Etsy’s forecasted 2023 Ebitda, or earnings before interest, taxes, depreciation, and amortization, said Kunal Madhukar, analyst at UBS.

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