JMP Securities Maintains Market Outperform on DoubleVerify Hldgs, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on DoubleVerify Holdings (DV) but has reduced the price target from $40 to $39.
November 10, 2023 | 7:42 pm
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NEUTRAL IMPACT
DoubleVerify Holdings' stock rating remains Market Outperform by JMP Securities, but the price target has been lowered from $40 to $39.
While the reduction in price target could suggest a slightly less optimistic view on the stock's valuation or growth prospects, the maintenance of a Market Outperform rating indicates that JMP Securities still has a positive outlook on DoubleVerify Holdings. The impact on the stock price is likely to be neutral in the short term as the rating remains positive, but the lower price target may temper expectations slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100