KeyBanc lowered the firm’s price target on DoubleVerify to $40 from $45 and keeps an Overweight rating on the shares. The analyst expects the company’s September 14 innovation day will highlight how the Scibids acquisition creates opportunities to leverage artificial intelligence throughout DoubleVerify’s product portfolio and expands the total addressable market. While the firm sees consensus 2024 revenue estimates heading higher as Scibids enters numbers, it believe 2024 EBITDA margin estimates may need to come down to 30% to reflect initial investments.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 participates in a conference call with JMP Securities
- Hawaiian Electric upgraded, CVS downgraded: Wall Street’s top analyst calls
- DoubleVerify initiated with an Outperform at Baird
- DoubleVerify 12.5M share Spot Secondary priced at $32.65
- DoubleVerify announces offering of 12.5M shares of common stock for holders