Shutterstock (SSTK) Tops Q3 EPS by 4c

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Go back to Shutterstock (SSTK) Tops Q3 EPS by 4c

Shutterstock (SSTK) PT Raised to $34 at Jefferies; Reiterates Underperform

November 1, 2017 8:40 AM EDT

Jefferies raised its price target on Shutterstock (NYSE: SSTK) to $34.00 (from $30.00) while maintaining a Underperform rating. SSTK saw rev growth accelerate in 3Q to its highest levels since 3Q16. Strength is driven by an increase in both paid downloads and rev per download. After 3... More