Shares of Getty Images Holdings, Inc. (NYSE: GETY) tumbled 5.12% in pre-market trading on Tuesday, despite the company reporting upbeat fourth-quarter results. The sharp decline appears to be primarily driven by a significant price target cut from Benchmark analysts.
Benchmark, a well-known research firm, reduced its target price for Getty Images from $6 to $4.5, signaling lowered expectations for the stock's performance. This adjustment comes on the heels of Getty Images' positive Q4 earnings report released on Monday, creating a conflicting narrative for investors to navigate.
The contrasting signals - strong quarterly performance versus lowered analyst expectations - have likely contributed to the stock's volatility. Investors appear to be giving more weight to the Benchmark price cut, as evidenced by the pre-market sell-off. As the market opens, all eyes will be on Getty Images to see if the stock can recover from this early morning plunge or if the downward pressure will persist throughout the trading session.
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