In a report released today, Youssef Squali from SunTrust Robinson reiterated a Buy rating on Shutterfly (SFLY), with a price target of $90. The company’s shares opened today at $55.31.
Squali noted:
“We remain positive on SFLY post AD, and reiterate our Buy rating and $90 PT. Assuming the second half of the quarter tracks to mgt’s expectations, SFLY should deliver the mid-to-high end of the guidance range for 4Q Consumer revenue, which we believe de-risks the stock short term. LT, we remain confident in the health of the Consumer business, given the variety of levers available, and believe that revenue synergies could be larger than initially thought. Lastly, incremental details given around assumptions for the $450M+ 2020 EBITDA target makes it very achievable, in our view. 1H4Q Overall Healthy. Management stated that QTD, 4Q is tracking $4M below the high-end, with Cards & Stationary ramping slower than expected.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 18.0% and a 63.6% success rate. Squali covers the Technology sector, focusing on stocks such as Cardlytics Inc, Eventbrite Inc, and Alphabet Inc.
Currently, the analyst consensus on Shutterfly is a Moderate Buy with an average price target of $80.
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The company has a one-year high of $100.34 and a one-year low of $40.22. Currently, Shutterfly has an average volume of 748.2K.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
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Shutterfly, Inc. engages in the provision of digital personalized photo products and services. It operates through the Consumer and Shutterfly Business Solutions segments.
