Consensus Tightens On Getty Images Amid Q2 Miss - Do Experts See A Rebound?
Portfolio Pulse from Lekha Gupta
Getty Images Holdings Inc (GETY) reported worse-than-expected Q2 results and lowered FY23 guidance, leading to a decrease in its stock price. Analysts from Wedbush, Benchmark, and Citigroup have lowered their estimates and price targets for the company, but maintain a positive outlook, expecting a rebound driven by the company's focus on profitability and potential economic recovery.
August 15, 2023 | 4:12 pm
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Getty Images reported disappointing Q2 results and lowered its FY23 guidance, leading to a decrease in its stock price. Despite this, analysts maintain a positive outlook, expecting a rebound.
Getty Images' worse-than-expected Q2 results and lowered FY23 guidance have negatively impacted its stock price. However, analysts from Wedbush, Benchmark, and Citigroup have lowered their estimates and price targets for the company, but maintain a positive outlook, expecting a rebound driven by the company's focus on profitability and potential economic recovery. This suggests that while the short-term impact is negative, there is potential for a positive turnaround in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100