DoubleVerify price target raised to $48 from $34 at RBC Capital

RBC Capital raised the firm’s price target on DoubleVerify to $48 from $34 and keeps an Outperform rating on the shares after meeting with its management. The discussion has left the firm with a better appreciation for both the macro resiliency and secular drivers for the company, the analyst tells investors in a research note. RBC adds that its increased price target on DoubleVerify also reflects peer multiple expansion.