Integral Ad Science added to ‘Tactical Underperform’ list at Evercore ISI

Evercore ISI analyst Mark Mahaney added Integral Ad Science to the firm’s "Tactical Underperform" list in conjunction with its Q4 small-to-mid cap internet earnings preview, citing its industry checks that "relatively uniformly depict a softening online ad market." While this softness is likely captured in the Street’s Q4 estimates, consensus FY23 estimates "imply a growth acceleration that may not be warranted," said the firm, which keeps an Outperform rating and $13 price target on the shares.