DoubleVerify initiated with an Outperform at BMO Capital

BMO Capital analyst Brian Pitz initiated coverage of DoubleVerify with an Outperform rating and $44 price target. The company is the market leader, with solutions to help advertisers avoid fraud and waste, while ensuring ads are displayed in suitable, safe environments, the analyst tells investors in a research note. The firm says the company has a “compelling growth profile” with opportunity to grow international revenue, as it currently only at represents 10%.