DoubleVerify Shares Pop On Bullish Analyst Ratings

DoubleVerify Shares Pop On Bullish Analyst Ratings
  • Analysts assigned DoubleVerify Holdings Inc DV with Buy ratings.
  • Truist analyst Youssef Squali upgraded to Buy from Hold with a $38 price target, implying a 15.7% upside. 
  • Squali says that the recent pullback in DoubleVerify shares offers an attractive buying opportunity, as he sees the risk/reward as compelling. 
  • Since its April IPO, the solid earnings performance, augmented by two recent acquisitions, is likely to drive faster than expected growth in FY22 and beyond.
  • Cannonball Research analyst Vasily Karasyov initiated coverage with a Buy rating and $42 price target, implying a 28% upside. 
  • Current consensus estimates "are doable," and there is room for upside from better programmatic market conditions and/or execution. 
  • DoubleVerify's software platform enables advertisers to increase the efficiency and quality of their digital spending by preventing fraud and measuring such parameters as viewability and geography.
  • Price Action: DV shares traded higher by 4.15% at $32.84 in the premarket session on the last check Monday.

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