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In a report published Monday, Cantor Fitzgerald analyst Youssef Squali reiterated a Buy rating and $100.00 price target on
Shutterstock, Inc.SSTK.
In the report, Cantor Fitzgerald noted, "We believe that Shutterstock is seeing strong growth trends in its stock photography business, supplemented by good traction in Enterprise/Video and in newer adjacent offerings, namely editorial, music, and workflow. Our view is supported by Jan/Feb traffic data, as well as reports of executive changes at Getty Images, its largest competitor, amid a revenue decline in 2014."
Shutterstock closed on Friday at $64.50.
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