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.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.