Needham Reiterates Buy on Shutterstock, Maintains $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan has reiterated a 'Buy' rating on Shutterstock (NYSE:SSTK) and maintained a price target of $90.
August 04, 2023 | 9:45 am
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Shutterstock's stock rating has been reiterated as 'Buy' by Needham analyst Bernie McTernan, with a maintained price target of $90.
The reiteration of a 'Buy' rating by a reputable analyst like Bernie McTernan indicates a positive outlook for Shutterstock's stock. The maintained price target of $90 also suggests that the analyst believes the stock is undervalued, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100