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More Squawk From Jim Cramer: Etsy Stock Is 'For Real'

NEW YORK (TheStreet) -- Shares of Etsy (ETSY) are soaring 14.12% to $11.48 on heavy trading volume Monday morning after Citigroup initiated coverage with a "buy" rating and $14 price target on the stock.

The firm contended that consensus estimates are "far too conservative," and said it expects the Brooklyn-based marketplace to continue to take market share, according to TheFly.

"The reason I'm excited about [the call] is because this is a company that initially people felt was just over-hyped, overvalued," TheStreet's Jim...