Key Takeaways From DoubleVerify Hldgs Analyst Ratings
Portfolio Pulse from Benzinga Insights
DoubleVerify Holdings (NYSE:DV) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for DV has been raised to $44.5, indicating a 13.38% increase from the previous target. Analysts from firms like Keybanc, JMP Securities, and Barclays have raised their price targets, reflecting optimism about DV's market performance. The company has shown solid revenue growth of 28.26% as of September 30, 2023, and boasts a high net margin of 9.27%, although its ROE is below industry benchmarks.
February 26, 2024 | 12:01 pm
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DoubleVerify Holdings has seen a positive shift in analyst ratings, with an increased average 12-month price target to $44.5. The company's solid revenue growth and high net margin are key highlights, although it faces challenges with ROE.
The increase in the average 12-month price target for DV, along with positive adjustments from analysts, suggests a bullish outlook for the stock in the short term. The company's strong revenue growth and net margin performance are likely to be key drivers of investor confidence, despite some challenges in ROE. The unanimous positive adjustments by analysts from reputable firms further bolster the case for a potential increase in DV's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100