Shutterstock (SSTK) stock plummeted 5.46% in pre-market trading on Monday, following Morgan Stanley's decision to lower their price target on the stock.
Morgan Stanley analyst Matthew Cost cut the firm's price target on Shutterstock from $50 to $28.85, while maintaining an Equal Weight rating. This move caused the average analyst price target on the stock to drop to around $43.28, according to data from FactSet.
The sharp reduction in Morgan Stanley's price target reflects growing concerns about Shutterstock's growth prospects and profitability in the near term. The stock's pre-market plunge on Monday suggests that investors are pricing in these increased risks.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。