Cantor Fitzgerald Remains a Buy on Shutterfly

By Ryan Adsit

Cantor Fitzgerald analyst Naved Khan reiterated a Buy rating on Shutterfly (NASDAQ: SFLY) today and set a price target of $57. The company’s shares opened today at $50.02.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 21.1% and a 85.0% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, TripAdvisor Inc, and Travelzoo Inc.

Shutterfly has an analyst consensus of Moderate Buy, with a price target consensus of $56.50.

Shutterfly’s market cap is currently $1.75B and has a P/E ratio of 167.23. The company has a book value ratio of 3.2272.

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Shutterfly, Inc. engages in the provision of digital personalized photo products and services. It operates through two segments: Consumer and Shutterfly Business Solutions. The Consumer segments includes sales from the company’s brands and are derived from the sale of photo based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and the related shipping revenues, as well as, rental revenue. The Shutterfly Business Solutions segment includes revenues derived from the printing and shipping of direct marketing and other variable data print products and formats. Its services primarily to the direct marketing industry. The company was founded by Dan Baum and Eva Manolis in December 1999 and is headquartered in Redwood City, CA.