Why Shutterstock's Stock Is Trading Higher Today
Shutterstock (NYSE: SSTK) shares are trading higher on Friday after Truist Securities upgraded the company's stock from Hold to Buy and announced a $60 price target.
Shutterstock is a U.S.-based company that is primarily engaged in provision of digital contents and digital asset management services. The content segment, whose offerings include photographs, illustrations, vector art, video clips, and music tracks, contributes almost all of the company's revenue. Shutterstock's digital content products are marketed under brands including Shutterstock, Bigstock, Offset, Shutterstock Music, and Shutterstock Editorial.
Shutterstock's stock traded up 5.80% at $51.09 per share at the time of publication on Friday. The stock has a 52-week high of $59.45 and a 52-week low of $28.76.
Latest Ratings for SSTK
Date | Firm | Action | From | To |
---|---|---|---|---|
Oct 2020 | Stifel | Maintains | Buy | |
Oct 2020 | JMP Securities | Maintains | Market Outperform | |
Oct 2020 | Stifel | Initiates Coverage On | Buy |
View More Analyst Ratings for SSTK
View the Latest Analyst Ratings
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