Needham raised the firm’s price target on AdTheorent to $3.75 from $3 and keeps a Buy rating on the shares. The company reported strong Q4 results showing “accelerating growth”, the analyst tells investors in a research note. Needham adds that it sees an acceleration in FY24 revenue growth to 12%, driven by AdTheorent’s health product, with revenue upside from connected TV, travel. and financial services.
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