Digital Turbine price target lowered to $2.50 from $3 at Roth MKM

Roth MKM lowered the firm’s price target on Digital Turbine to $2.50 from $3 and keeps a Neutral rating on the shares. The company’s Q4 results were mixed with weak U.S. device sales remaining a major headwind, the analyst tells investors in a research note. While the management’s positive callouts included gaming and brand spending trends, in spite of the new device partnerships and products like OneStore, the firm is looking for better visibility and profitability to complement a potential return to growth, Roth MKM added.