Shutterstock Inc (SSTK)

Shares of Shutterstock, Inc. (SSTK) dropped by 8.26% from $40.68 to $37.32 in the trading on Wednesday, November 1, 2023. The reason why SSTK down is due to an analyst's price-target cut. Needham analyst Bernie McTernan lowered Shutterstock, Inc.'s price target from $76 to $60. Despite the reduction in the price target, McTernan maintained a Buy rating on the stock.The adjustment in the price target by the analyst contributed to the downward pressure on SSTK shares.