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Why Etsy's Stock Is Trading Higher Today

Etsy Inc (NASDAQ: ETSY) shares were trading higher Tuesday after KeyBanc raised its price target on the stock from $90 to $115 and maintained an Overweight rating.

Benzinga · -

Etsy Inc (NASDAQ:ETSY) shares were trading higher Tuesday after KeyBanc raised its price target on the stock from $90 to $115 and maintained an Overweight rating.

Etsy is an American retailer of handmade goods, vintage items, and crafted goods. The business model is based on sellers listing products on Etsy's platform. The product categories are clothing and accessories, jewelry, craft supplies and tools, wedding accessories and clothing, entertainment items, home and living, vintage items, and child and baby goods.

Etsy's revenue is categorized as: marketplace revenue, seller services, and other revenue. The marketplace consists of a platform where sellers can list their products in exchange of a fee paid to Etsy.

Etsy shares were trading up 3.29% to $106.27 at the time of publication Tuesday. The stock has a 52-week high of $107.32 and a 52-week low of $29.95.

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