AdTheorent price target raised to $7 from $6 at Benchmark

Benchmark raised the firm’s price target on AdTheorent to $7 from $6 and keeps a Buy rating on the shares after the company beat consensus revenue and EBITDA expectations in what the firm calls “one of its strongest quarters in recent history.” The company made the announcement of two global agency wins and a third in testing, “finally getting on to some much larger radars ahead of what we expect will be an especially disruptive cookie cliff could yield material wallet share gains as time goes by,” the analyst tells investors.