Getty's Valuation, Long-Term Fundamentals To Drive Value, Analyst Says


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  • Benchmark analyst Mark Zgutowicz upgraded Getty Images Holdings, Inc (NYSE:GETY) to Buy from Hold with a $9 price target
  • He saw an attractive valuation in front of the excellent 2H22E and longer-term fundamentals, supported by its disciplined expense management practice.
  • Although Getty's absolute adjusted EBITDA dollar declined year-over-year in 2022, he viewed it as poor optics given persisting currency pressures and understated its unique competitive positioning, including its premium margin profile relative to peers.
  • For conservatism amid uncertain macro and FX pressures NTM, he reduced his '22E and' 23E Creative revenue well below management's long-term guidance of +HSD%. 
  • Price Action: GETY shares traded lower by 9.02% at $6.15 on the last check Wednesday.
  • Photo Via Company

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsTechBriefs