Digimarc price target raised to $35 from $30 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Digimarc to $35 from $30 and keeps a Hold rating on the shares. The firm notes 2023 ended with 15% year-over-year revenue growth. Craig-Hallum is encouraged by some of the incremental signings, but continues to struggle to find use cases that are repeating at a scale suggesting a tipping point on the horizon.