B of A Securities Maintains Buy on DoubleVerify Hldgs, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Omar Dessouky maintains a Buy rating on DoubleVerify Holdings (DV) but lowers the price target from $47 to $45.

February 29, 2024 | 3:20 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on DoubleVerify Holdings but lowers the price target from $47 to $45.
While the reduction in the price target from $47 to $45 by B of A Securities could suggest a slight adjustment in valuation expectations, the maintenance of a Buy rating indicates continued confidence in DoubleVerify Holdings' (DV) growth prospects and operational performance. This mixed signal might lead to a neutral short-term impact on DV's stock price as investors weigh the lowered price target against the reaffirmed positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100