It's time for red-hot Etsy shares to take a break, KeyBanc says

An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.
Victor J. Blue/Bloomberg via Getty Images

The good news about e-commerce platform Etsy is largely priced in and it's time for the stock to take a breather, according to KeyBanc Capital Markets.

The investment firm downgraded the e-commerce stock to sector weight from overweight, saying the company will have a hard time following up the strong beat of expectations it saw in 2020.

More In Street Calls

CNBC ProBuy Deere, as price-cost pressures ease for machinery stock ahead of earnings, Evercore ISI says
CNBC ProShopify is a buy as e-commerce spending picks up, Atlantic Equities says
CNBC ProGoldman Sachs says this home furnishings stock is a 'solid growth story' that could jump 22%