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Digital Turbine price target lowered to $6 from $7 at BofA

BofA analyst Omar Dessouky lowered the firm’s price target on Digital Turbine to $6 from $7 and keeps a Neutral rating on the shares. The company’s fiscal Q2 report was “okay,” but the fiscal Q3 guidance surprised the Street to the downside, notes the analyst, who thinks a Digital Turbine trade is “unlikely to work until FY25.”

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