Etsy CEO: We see a robust holiday season

$Etsy Inc (ETSY.US)$ $Shopify (SHOP.US)$ $Pinterest (PINS.US)$ ETSY is one of the most overpriced stocks in the mkt. It's currently trading 16% above the avg. target price. The share price trades at nearly 100x earnings. It's 7x more expensive than AMZN. What if there's a recession?