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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NEGATIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100