Barclays analyst Ross Sandler lowered the firm’s price target on Ziff Davis to $66 from $75 and keeps an Equal Weight rating on the shares. The company finally got back to flat organic growth in Q3 after several quarterly declines, “a nice milestone,” the analyst tells investors in a research note. The firm says trends look much more stable heading into 2024 with digital advertising approaching positive growth, which should lead to much better flow through to EBITDA.
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