What's Going On With Perion Networks Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Perion Network Ltd's stock is trading higher after Needham analyst Laura Martin raised the company's financial estimates and reiterated a Buy rating with a $42 price target. Martin increased her full-year 2023 estimates based on PERI's higher 2Q23 results. She now estimates FY23 gross revenue of $738.7 million, net revenue of $310.8 million, adjusted EBITDA of $160.2 million, and non-GAAP EPS of $2.95. Martin expects PERI to be one of the fastest-growing AdTech firms in her coverage for FY23.
July 07, 2023 | 5:35 pm
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POSITIVE IMPACT
Perion Network's stock is expected to rise in the short term due to the positive financial estimates and Buy rating from Needham analyst Laura Martin.
The stock price of Perion Network is likely to increase in the short term due to the positive financial estimates and Buy rating from Needham analyst Laura Martin. This news is highly relevant and important for PERI investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100