Why Etsy Stock Soared by More Than 8% Today

·2 min read

Investors on Friday decided that they had found a bargain in shares of online arts and crafts marketplace Etsy (NASDAQ: ETSY) -- and they swooped in to snap them up, bidding the stock up by 8.1% as of 11:08 a.m. ET. You can probably credit a couple of Wall Street analysts for some of that renewed optimism. Analysts from two Wall Street firms have commented positively on Etsy over the past three days.