Benchmark Maintains Buy Rating for Direct Digital Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has maintained its Buy rating for Direct Digital Holdings (NASDAQ:DRCT), raising its price target from $15.00 to $30.00. DRCT's shares have risen 2.73% in the last 24 hours to $24.49, indicating a potential 22.5% increase to the new target. Direct Digital Holdings operates a comprehensive programmatic advertising platform.
March 06, 2024 | 5:00 pm
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Benchmark maintains Buy rating for DRCT, raising price target from $15 to $30. Shares currently up 2.73% at $24.49.
The maintenance of a Buy rating and the significant increase in price target by Benchmark suggest a strong bullish outlook for Direct Digital Holdings. The recent share price increase further supports this positive sentiment. The raised target implies a substantial upside potential, which could attract investor interest and drive short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100