Needham Reiterates Buy on Shutterstock, Maintains $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan reiterates a Buy rating on Shutterstock (NYSE:SSTK) and maintains a $60 price target.

February 22, 2024 | 10:29 am
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Needham analyst Bernie McTernan reiterates a Buy rating on Shutterstock and maintains a $60 price target.
The reiteration of a Buy rating and maintenance of a $60 price target by a reputable analyst like Bernie McTernan from Needham is likely to instill confidence among investors and could lead to a positive short-term impact on Shutterstock's stock price. Analyst ratings, especially from well-regarded financial institutions, can significantly influence investor sentiment and stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100