Getty Images price target lowered to $3.50 from $4.50 at Benchmark

Benchmark analyst Mark Zgutowicz lowered the firm’s price target on Getty Images (GETY) to $3.50 from $4.50 and keeps a Buy rating on the shares. Q1 performance was a result of a modestly weaker demand environment, particularly within Agency, reflecting macro pressures, the analyst tells investors. Following the report, the firm raised its FY25 total revenue estimate modestly to $934.8M, but lowered its price target to reflect reduced out-year estimates.