RBC Capital raised the firm’s price target on DoubleVerify (DV) to $49 from $40 and keeps an Outperform rating on the shares ahead of its Q4 results. The firm is anticipating “some upside” as the company’s peer results have shown a solid demand environment into year-end, the analyst tells investors in a research note. DoubleVerify management should also remain conservative on their outlook, with upward revisions likely being driven by social throughout the year, specifically short-form video and Meta‘s (META) news feed, RBC added.
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