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Getty Images price target lowered to $4.50 from $6 at Benchmark

Getty Images price target lowered to $4.50 from $6 at Benchmark

Benchmark lowered the firm’s price target on Getty Images (GETY) to $4.50 from $6 and keeps a Buy rating on the shares. Following the company’s Q4 report, the firm reduced its FY25 total revenue forecast by 3.0%, or 1.7% in constant currency, modestly below the midpoint of guidance of $918M-$955M, reflecting about $12.5M of forex headwinds, the analyst tells investors. The firm also reduced its FY25 adjusted EBITDA view by 5%, reflecting reduced topline flow through and about $8M of one-time SG&A increases in anticipation of the Shutterstock (SSTK) merger.

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