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

Getty's Valuation, Long-Term Fundamentals To Drive Value, Analyst Says
  • Benchmark analyst Mark Zgutowicz upgraded Getty Images Holdings, Inc 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

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