Shares of Getty Images Holdings, Inc. (GETY) plunged 5.37% in pre-market trading on Monday, following Citigroup's resumed coverage of the stock with a neutral rating. The sharp decline comes as investors react to the financial giant's lukewarm stance on the visual content provider.

Citigroup analysts set a price target of $2.45 for Getty Images, signaling limited upside potential from the stock's previous closing price. This conservative outlook appears to have dampened investor enthusiasm, leading to the significant pre-market sell-off.

The neutral rating from Citigroup suggests that while Getty Images may have some positive aspects, there are also potential challenges or uncertainties that warrant caution. Investors are likely reassessing their positions in light of this balanced view from a major financial institution, contributing to the downward pressure on the stock price.