DoubleVerify price target lowered to $40 from $43 at Barclays

Barclays lowered the firm’s price target on DoubleVerify to $40 from $43 and keeps an Overweight rating on the shares. The analyst expects the shares to be under pressure in the near-term following the weaker guidance, paired with broader advertising tech commentary from the last two days. While the slowing growth will still weigh immediately, the headwinds appear more credible and there were still positive indicators throughout the business, the analyst tells investors in a research note.