Shutterfly (SFLY): Analyst Day Notes

Needham & Company analyst, Kerry Rice, reiterated his Buy rating on shares of Shutterfly Inc. (NASDAQ: SFLY) after the company;s analyst day. While no financial update was given, SBS is at an inflection point, Shutterfly 3.0 could significantly reduce friction for users to create products and positively impact user engagement, and and the migration of active users to ThisLife could positively impact 4Q.

No change to the price target of $56.

For an analyst ratings summary and ratings history on Shutterfly Inc. click here. For more ratings news on Shutterfly Inc. click here.

Shares of Shutterfly Inc. closed at $51.03 yesterday.

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