Shutterfly (SFLY) Sell-Off on Amazon Prints Creates Buying Opportunity - RBC

September 22, 2016 12:57 PM EDT
Get Alerts SFLY Hot Sheet
Price: $47.55 +13.03%

Rating Summary:
    8 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
Trade SFLY Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

RBC Capital analyst Andrew Bruckner is the latest to defend Shutterfly Inc. (NASDAQ: SFLY) after yesterday's sharp sell-off after Amazon Prints went live.

"We think this is a near-term overhang on SFLY but don’t see the current product as a L-T competitive threat," Bruckner said. "SFLY's negative move yesterday seems overdone and creates a buying opportunity."

The firm maintained an Outperform rating and price target of $57 on SFLY.

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 $44.20 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

RBC Capital

Add Your Comment