Needham Maintains Buy on Shutterstock, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan has maintained a 'Buy' rating on Shutterstock (NYSE:SSTK) but lowered the price target from $76 to $60.
November 01, 2023 | 10:44 am
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NEUTRAL IMPACT
Shutterstock's price target has been lowered from $76 to $60 by Needham, though the 'Buy' rating is maintained.
The news directly pertains to Shutterstock and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowered price target may cause some concern among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100