Cantor Maintains Buy On Shutterstock Shares, Sees 21% Upside
In a research report released today, Cantor analyst Youssef Squali maintained a Buy rating on Shutterstock (NYSE:SSTK) with a price target of $95, which represents a potential upside of 21.4% from where the stock is currently trading.
Squali noted, “We expect Shutterstock to report strong 3Q results on 11/6, as intra quarter traffic checks indicate that demand for the company’s products remained strong throughout 3Q:14. With focus, a strong sense of innovation and good execution, Shutterstock continues to outgrow competitors and gain share, which should support the stock over time.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 28.3% and a 75.2% success rate. Squali has a 40.6% average return when recommending SSTK, and is ranked #3 out of 3355 analysts.