Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

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

Benchmark analyst Mark Zgutowicz upgraded Getty Images Holdings, Inc (NYSE:GETY) to Buy from Hold with a $9 price target.  He saw an…
byAnusuya Lahiri
October 12, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Benchmark analyst Mark Zgutowicz upgraded Getty Images Holdings, Inc (NYSE: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
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Why Spirit Aerosystems Stock Is Climbing

By Erica Kollmann
January 24, 1:22 PM
According to the Seattle Times report, Boeing mechanics are responsible for improperly installing the fuselage panel that blew off an Alaska Airlines jet mid-flight earlier this month. The fuselage panel had been removed for repair and then reinstalled improperly on the final assembly line at Boeing's Renton factory, according to the source.

BA