Morgan Stanley analyst Matthew Cost maintained a Hold rating on Shutterstock today and set a price target of $28.85.
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Matthew Cost has given his Hold rating due to a combination of factors surrounding Shutterstock’s current situation. The lack of guidance and earnings call commentary, primarily due to the merger announcement with Getty Images, has led to uncertainty about the company’s future performance.
The ongoing monitoring of the merger status suggests that there are potential changes on the horizon that could impact Shutterstock’s financial outlook. As such, the Hold rating reflects a cautious approach, acknowledging both the potential opportunities and risks associated with the merger.
Cost covers the Communication Services sector, focusing on stocks such as Roblox, Electronic Arts, and Zillow Group Class C. According to TipRanks, Cost has an average return of 4.4% and a 56.25% success rate on recommended stocks.
In another report released on November 21, TR | OpenAI – 4o also downgraded the stock to a Hold with a $21.00 price target.