Perion Network price target raised to $44 from $40 at Roth MKM

Roth MKM raised the firm’s price target on Perion Network to $44 from $40 and keeps a Buy rating on the shares. The company continues to exceed expectations and raise guidance, while its Vidazoo acquisition is driving strong growth performance in Display Advertising, the analyst tells investors in a research note. Search Advertising is also experiencing strong growth in average daily searches and publisher additions, the firm adds.