Perion Network Is Top Small-Cap Ad Stock - Oppenheimer Analyst Touts Amid Strong Financial Performance
Portfolio Pulse from Anusuya Lahiri
Oppenheimer analyst Jason Helfstein has maintained a Buy rating on Perion Network Ltd (NASDAQ:PERI) and set a price target of $45. Despite a 28% drop in shares over the past six months, PERI is Helfstein's favorite small-cap digital advertising stock due to its strong financial performance. The company's revenue growth, EBITDA growth, and net cash position have all outperformed peers. However, the stock has underperformed due to lack of benefits from the Bing/ChatGPT partnership.
October 06, 2023 | 7:25 pm
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Perion Network Ltd's strong financial performance has led to a maintained Buy rating from Oppenheimer analyst. Despite a drop in shares, the company's revenue and EBITDA growth, as well as net cash position, have outperformed peers.
The maintained Buy rating from Oppenheimer analyst, along with the company's strong financial performance, could potentially lead to an increase in investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100