Cantor Fitzgerald Sees Strong Business Momentum/Favorable Competitive Setting For Shutterstock

In a report published Monday, Cantor Fitzgerald analyst Youssef Squali reiterated a Buy rating and $100.00 price target on

. 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.