Digital Media Solutions shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 net revenue guidance below estimates. Additionally, Canaccord Genuity lowered the price target from $2 to $1.5 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Digital Media Solutions reported worse-than-expected Q2 financial results and issued Q3 net revenue guidance below estimates. Canaccord Genuity also lowered the price target from $2 to $1.5 on the stock.
August 15, 2023 | 5:28 pm
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Digital Media Solutions' Q2 results were below expectations and the company issued lower Q3 revenue guidance. Canaccord Genuity also reduced the price target for the stock.
The company's worse-than-expected Q2 results and lower Q3 revenue guidance are negative indicators for the stock's performance. Additionally, Canaccord Genuity's reduction of the price target suggests a bearish outlook for the stock.
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IMPORTANCE 90
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