Barclays Maintains an 'Overweight' on Shutterfly (SFLY); Apple's Cards App Not a Concern

Barclays maintains an 'Overweight' on Shutterfly Inc. (NASDAQ: SFLY) price target of $73.00.

Barclays analyst says, "We would view any concern that Apple's (Nasdaq: AAPL) Cards app could negatively and materially impact SFLY's business as misplaced and would view any related weakness in shares as a buying opportunity."

"We continue to believe Shutterfly represents an attractive growth story with potential catalysts related to 1) the continued growth of and execution within its core addressable market, 2) revenue and cost synergies from the recently closed Tiny Prints acquisitions, and 3) the potential for upside from naturally adjacent new markets."

For more ratings news on Shutterfly Inc. click here and for the rating history of Shutterfly Inc. click here.

Shares of Shutterfly Inc. closed at $39.42 yesterday.

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