Getty Images Leverages NVIDIA's Tech For Generative AI: Analyst Foresees Tangible 4Q Earnings Impact
Portfolio Pulse from Nabaparna Bhattacharya
Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Getty Images Holdings, Inc. (GETY), raising the price target to $8 from $7. This follows a demo of Getty's Generative AI product, powered by NVIDIA Corporation (NVDA). Zgutowicz expects to see supportive metrics of GenAI demand as early as 4Q earnings. The analyst also expects the partnership with NVIDIA to provide an attractive scale due to NVIDIA's computing and GPU advantages.
September 29, 2023 | 5:11 pm
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POSITIVE IMPACT
Getty Images' Generative AI product, powered by NVIDIA, is expected to show supportive metrics in 4Q earnings. The price target for Getty Images has been raised to $8 from $7.
The analyst's positive outlook on Getty Images' Generative AI product and the raised price target indicate potential growth for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVIDIA's technology powers Getty Images' Generative AI product. The partnership is expected to provide an attractive scale due to NVIDIA's computing and GPU advantages.
NVIDIA's partnership with Getty Images and its role in powering the Generative AI product could positively impact NVIDIA's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70