Craig-Hallum lowered the firm’s price target on Integral Ad Science to $18 from $20 and keeps a Buy rating on the shares. IAS posted strong Q1 results, while guiding Q2 ahead of expectations and raising FY24 guidance, the analyst tells investors in a research note. IAS is gaining momentum in the competitive set which should drive a re-rate of a depressed 7x EBITDA multiple, the firm says.
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