Guggenheim, Needham Bullish on Etsy—Read Why

Etsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City. Paul Zimmerman/Getty Images for NASDAQ

Analysts hailed Etsy Inc for bumping up price targets and bullish ratings.

Guggenheim analyst Seth Sigman initiated coverage of Etsy with a Buy and $330 price target, implying a 16 percent upside.