December 20, 2013 9:03 AM | 1 min read |
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.
In a report published Friday, Wunderlich Securities analyst Blake T. Harper initiated coverage on
Shutterstock (NYSE: SSTK) with a Buy rating and $92.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Shutterstock, Inc. (SSTK) with a Buy rating and $92 price target. We believe the company has been successfully disrupting the stock photo and imagery market by developing an online marketplace differentiated by its technology, data, and search capabilities. The company is benefiting from secular trends such as SMB advertising shifting online and strengthening network effects with contributors and marketers. It also has several catalysts for higher growth with video offerings, enterprise, and international expansion and a partnership with Facebook (FB-NR). We forecast the company can grow revenues at a three-year CAGR of 27% and we derive our $92 price target from our DCF, which implies a 8x EV/S multiple on our FY15 estimate.”Shutterstock closed on Thursday at $82.58.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.