Morgan Stanley Assumes Shutterstock at Equal-Weight, Announces Price Target of $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has initiated coverage on Shutterstock (NYSE:SSTK) with an Equal-Weight rating and set a price target of $55.

February 22, 2024 | 6:01 pm
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Morgan Stanley initiated coverage on Shutterstock with an Equal-Weight rating and a price target of $55.
The initiation of coverage by a major financial institution like Morgan Stanley generally attracts investor attention. An Equal-Weight rating suggests that Morgan Stanley views SSTK as fairly valued at its current price, implying a neutral short-term impact on the stock. The price target of $55 provides a benchmark for investors, but since the direction (up or down) from the current price is not specified, the impact is considered neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100