Needham Maintains Buy on Shutterstock, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Bernie McTernan maintains a Buy rating on Shutterstock (NYSE:SSTK) but lowers the price target from $65 to $55.

August 07, 2024 | 9:40 am
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NEUTRAL IMPACT
Needham analyst Bernie McTernan maintains a Buy rating on Shutterstock but lowers the price target from $65 to $55.
The Buy rating suggests continued confidence in Shutterstock's performance, but the lowered price target indicates some caution about its near-term growth prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100