Stock Watch: Vroom! eToys Climbs

Shares of online toy retailer eToys (Nasdaq: ETYS) climbed 4-1/8 to 57-1/8, a gain of nearly 8 percent, on Monday after receiving favorable coverage from Thomas Weisel Partners analyst Chris Vroom. Vroom, who made bullish comments about eToys during his weekend appearance on TheStreet.com’s television show, reiterated his strong buy rating on eToys on Monday and gave the stock a 12-month price target of $80.

One reason Vroom is high on the stock is that he believes the Christmas season will be huge for eToys. With the future of Toys R Us’ online operations unclear and the recent resignation of Toys R Us CEO Robert Nakasone, it seems that the online toy market pretty much belongs to eToys.

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