Needham Maintains Buy on Shutterstock, Lowers Price Target to $76
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Bernie McTernan has maintained a 'Buy' rating on Shutterstock (NYSE:SSTK), but lowered the price target from $90 to $76.

August 04, 2023 | 10:44 am
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Shutterstock's price target has been lowered from $90 to $76 by Needham, though the 'Buy' rating is maintained.
The news is directly related to Shutterstock and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100