DoubleVerify Has Strong Growth Prospect As Advertisers Pursue Ad Spend Optimization: Analyst
Portfolio Pulse from Lekha Gupta
Stephens & Co analyst Nicholas Zangler initiated coverage on DoubleVerify Holdings Inc (DV) with an Overweight rating and a price target of $47. Zangler expects a revenue CAGR of +20% over the next several years due to growth in product launches, customer growth, and international expansion. The analyst estimates revenues of $563.0 million and adjusted EBITDA of $175.7 million in FY23 and $698.1 million and $222.5 million, respectively, in FY24.
July 12, 2023 | 4:29 pm
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DoubleVerify Holdings Inc (DV) received an Overweight rating from Stephens & Co analyst Nicholas Zangler, with a price target of $47. The analyst expects strong growth for the company in the coming years.
The Overweight rating and the price target of $47 indicate the analyst's positive outlook for DoubleVerify. The expected revenue CAGR of +20% over the next several years suggests strong growth prospects for the company, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100