BMO Capital lowered the firm’s price target on DoubleVerify (DV) to $28 from $38 and keeps an Outperform rating on the shares. The company’s cohort of six” large retail/CPG advertisers remains uneven into FY25, and given this along with the recent expert commentary on broader CPG ad category weakness, the firm is reducing its FY25 revenue and EBITDA estimates by 4.0% and 9.4% to better reflect growth in its model, the analyst tells investors in a research note.
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