The Hamptons Luxury Real Estate Market Is Making a Historic Comeback
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Luxury Real Estate Surge: The luxury real estate market in the Hamptons has seen a significant resurgence, with home sales exceeding $10 million reaching record levels.
Pandemic Boom Comparison: This increase in high-end home sales has surpassed even the sales levels experienced during the pandemic boom.
Billionaires' Relocation Trends: Despite the surge in the Hamptons, many billionaires are choosing Florida and other locations over New York City for their primary residences.
Long Island's East End Focus: The notable rise in sales is particularly concentrated on Long Island's East End, highlighting its appeal as a luxury destination.
Analyst Views on SSTK
Wall Street analysts forecast SSTK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSTK is 28.85 USD with a low forecast of 28.85 USD and a high forecast of 28.85 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 19.990
Low
28.85
Averages
28.85
High
28.85
Current: 19.990
Low
28.85
Averages
28.85
High
28.85
About SSTK
Shutterstock, Inc. provides a global creative platform for connecting brands and businesses to quality content. Its content is distributed to customers under various brands: Shutterstock; Pond5; TurboSquid; PicMonkey; PremiumBeat; Splash News; Bigstock; Envato and Offset. The Shutterstock brand includes various content types, such as image, footage, music and editorial. Pond5 is a video-first content marketplace which expands the Company’s content offerings across footage, image and music. TurboSquid operates a marketplace that offers more than one million 3D models, and a 2-dimensional marketplace derived from 3D objects. PicMonkey is an online graphic design and image editing platform. PremiumBeat offers music tracks and provides producers, filmmakers, and marketers the ability to search handpicked production music from the composers. Splash News provides editorial image and video content across celebrity and red carpet events. Envato offers digital creative assets and templates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
