Digital Turbine price target lowered to $5 from $6 at Roth MKM

Roth MKM analyst Darren Aftahi lowered the firm’s price target on Digital Turbine to $5 from $6 and keeps a Neutral rating on the shares. The company’s Q2 results were “mixed” relative to its prior guidance and estimates, and it is clear that handset weakness is weighing on results, the analyst tells investors in a research note. In this challenging environment, Digital Turbine is investing in consolidating its DT exchange, alternative app stores, and diversifying its OEM/carrier base away from being just U.S.-centric, the analyst tells investors in a research note.