Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks' performance. The goal of this piece is to highlight an analyst who has a great track record, rather than the ones from the biggest firms.
One of Wall Street's best analysts says investors should buy Shutterstock ahead of Wednesday's earnings report as he expects strong growth and results.
Youssef Squali of Cantor Fitzgerald set a $65 price target for the stock photography Internet company, more than double where the stock is now. Squali is ranked in the top 1 percent of Wall Street analysts and has an 11.9 percent average one-year return on his recommendations, according to TipRanks.
Here is why the analyst is bullish on Shutterstock.