Etsy Inc ETSY shares are soaring after a second-quarter earnings and sales beat Monday that also saw the company raise its 2018 guidance. Here's how three analysts reacted. Stifel Etsy has "a bounce in its step," said Stifel analyst Scott Devitt. He maintained a Hold rating on Etsy and raised the price target from $37 to $46 in a Tuesday note. “Etsy has a number of initiatives and platform/product enhancements to drive higher levels of growth following the successful reinvigoration in GMS over the last year,” the analyst said. In addition to its performance marketing spend, up 40 percent year-over-year to $110 million, Devitt said Etsy is testing brand marketing through offline and TV advertising.Source