Needham Maintains Buy Rating for AdTheorent Holding: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Needham has reaffirmed its Buy rating on AdTheorent Holding (NASDAQ:ADTH) and increased its price target from $2.00 to $3.00. AdTheorent's stock has risen 3.9% in the last 24 hours to $2.40 per share. The new price target suggests a potential upside of 25.0%. AdTheorent is a digital media platform that operates primarily in the United States, with a focus on performance-driven, privacy-centric programmatic digital advertising.
January 22, 2024 | 5:00 pm
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Needham maintains a Buy rating on AdTheorent Holding and raises the price target from $2.00 to $3.00, indicating a potential 25% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Needham is a strong positive signal to the market, suggesting confidence in AdTheorent's future performance. This typically leads to increased investor interest and can drive the stock price up in the short term, especially when the stock is already trending upwards as indicated by the recent 3.9% increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100