The consensus price target hints at a 35.4% upside potential for Shutterstock (SSTK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Israel’s leaders have said the military needs to move into Rafah to dismantle the remaining battalions of Hamas. Photo: Hatem Khaled/Reuters
The heavy selling pressure might have exhausted for Shutterstock (SSTK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.