Baird analyst Vikram Kesavabhotla initiated coverage of DoubleVerify with an Outperform rating and $38 price target. The analyst expects the company to benefit from the integration of the Scibids acquisition, which it the firm thinks should offer a variety of strategic benefits to enhance the platform. In addition, DoubleVerify is making progress on cross-selling existing customers and expanding into International markets, the analyst tells investors in a research note. Baird says the business is well aligned with ongoing trends in the advertising industry.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DV:
- DoubleVerify 12.5M share Spot Secondary priced at $32.65
- DoubleVerify announces offering of 12.5M shares of common stock for holders
- TipRanks ‘Perfect 10’ List: These 3 Top-Rated Stocks Hit All the Right Marks
- DoubleVerify falls -13.3%
- DoubleVerify price target lowered to $43 from $45 at JMP Securities