Digital photo printing company Shutterfly (NASDAQ:SFLY) has exhibited impressive growth since its IPO in 2006, with revenue rising from just $123.4 million that year to $783.6 million in 2013. It hasn't stopped there, with its first quarter of 2014 registering an eye-popping 17.5% gain over the first quarter of 2013. However, despite its success in growing its top line, Shutterfly finds itself assigned a lofty valuation that assumes astronomical growth far into the future. Motley Fool Consumer Goods Analyst Sean O'Reilly explains why this is important and what Foolish investors should consider when analyzing this fast-growing company. 

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Sean O'Reilly has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.