Truist Securities Maintains Buy on Shutterstock, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a Buy rating on Shutterstock (NYSE:SSTK) but lowered the price target from $70 to $65.

May 06, 2024 | 12:50 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Shutterstock but lowers the price target from $70 to $65.
While the maintenance of a Buy rating suggests continued confidence in Shutterstock's fundamentals and potential for growth, the reduction in price target could reflect adjustments in market conditions or expectations. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100