Goldman Sachs Initiates Coverage On ironSource With Buy Rating, Sees 22% Upside

  • Goldman Sachs analyst Michael Ng initiated coverage on ironSource Ltd IS with a Buy rating and $11 price target implying a 21.82% upside.
  • ironSource is a mobile advertising network and business platform for app publishers and telecom operators that should deliver strong revenue growth, Ng noted. 
  • He expects the company to benefit from growth in the mobile app market and new product innovation in user acquisition.
  • Price action: IS shares traded higher by 1.57% at $9.03 in the premarket session on the last check Friday. 
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