Shutterfly (SFLY) : The highest short term price target forecast on Shutterfly (SFLY) is $59 and the lowest target price is $35. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $51 with a standard deviation of $7.41.
Shutterfly (SFLY) : 3 brokerage houses believe that Shutterfly (SFLY) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Shutterfly (SFLY). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Also, Equity Analysts at the Barclays maintains the rating on Shutterfly (NASDAQ:SFLY). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency raises the price target from $45 per share to $48 per share. The rating by the firm was issued on July 28, 2016.
Shutterfly (NASDAQ:SFLY): The stock opened at $50.19 on Thursday but the bulls could not build on the opening and the stock topped out at $50.69 for the day. The stock traded down to $49.25 during the day, due to lack of any buying support eventually closed down at $50.04 with a loss of -0.36% for the day. The stock had closed at $50.22 on the previous day. The total traded volume was 468,567 shares.
Shutterfly, Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Companys segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Company produces and sells bound photo books, greeting and stationery cards, personalized calendars, other photo-based merchandise and prints. It sells a range of photo-based merchandise, such as calendars, mugs, canvas prints, mouse pads, magnets and puzzles. The Consumer segment sells photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.