Lake Street analyst Eric Martinuzzi tells investors in a research note that while layoffs at Alphabet (GOOGL) continue to weigh on ad tech sector sentiment, the analyst is comfortable with his 14% revenue growth forecast for Perion Network (PERI) in 2023. Perion’s positive preliminary Q4 results were in part driven by a 25% increase in publishing partners, Martinuzzi says, and made no change to the firm’s Buy rating or $36 price target.
Published first on TheFly
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