In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Digital Turbine (APPS – Research Report), with a price target of $33.00. The company’s shares closed yesterday at $16.02.
According to TipRanks, Aftahi is a 5-star analyst with an average return of 13.8% and a 33.78% success rate. Aftahi covers the Technology sector, focusing on stocks such as Argo Blockchain, fuboTV, and Fathom Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Digital Turbine with a $35.00 average price target, representing an 118.48% upside. In a report released yesterday, B.Riley Financial also maintained a Buy rating on the stock with a $28.00 price target.
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Based on Digital Turbine’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $188.63 million and a net profit of $14.92 million. In comparison, last year the company earned a revenue of $158.08 million and had a net profit of $14.28 million
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Digital Turbine, Inc. engages in the innovation of media and mobile communications which helps to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Advertising segment, which is comprised of Operator and OEM (O&O) business. The O&O is an advertiser solution for unique and exclusive carrier and OEM inventory. The company was founded on November 6, 1998 and is headquartered in Austin, TX.
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