Etsy is “Crafting” Its Way Higher: RBC

Shares of Etsy are up 120% year-to-date, benefiting from a herd of consumers that rushed to the e-commerce company’s website for masks and other goods. With expectations that many of the new buyers who purchased from Etsy for the first time will become repeat customers, RBC analyst Shweta Khajuria raised her price target for the stock to $117, up from $79, on Monday evening.