Needham Reiterates Buy on Shutterstock, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan reiterates a Buy rating on Shutterstock (NYSE:SSTK) and maintains a $65 price target.

May 14, 2024 | 5:13 pm
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POSITIVE IMPACT
Needham's reaffirmation of a Buy rating and a $65 price target could positively influence Shutterstock's stock in the short term.
Analyst ratings and price targets are significant indicators for investors, often influencing stock prices. Needham's reiteration of a Buy rating and maintenance of a $65 price target for Shutterstock suggests a strong vote of confidence in the company's future performance. This endorsement is likely to be viewed positively by the market, potentially leading to an uptick in SSTK's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100