Macquarie initiated coverage of DoubleVerify with a Neutral rating and $30 price target. The analyst views DoubleVerify as the market leader in digital ad verification and fraud prevention. The firm thinks the company’s efforts to extend its market position should bring consistent long-term growth, but says the stock’s valuation “appears full.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DV:
- DoubleVerify price target lowered to $45 from $47 at Barclays
- RBC Capital more positive on DoubleVerify after product innovation day
- DoubleVerify price target lowered to $40 from $45 at Piper Sandler
- DoubleVerify price target lowered to $40 from $43 at JMP Securities
- DoubleVerify raises FY23 revenue view to $562M-$572M from $557M-$569M
