Needham Maintains Buy on DoubleVerify Hldgs, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Laura Martin maintains a Buy rating on DoubleVerify Holdings (NYSE:DV) but lowers the price target from $45 to $33.
May 08, 2024 | 11:51 am
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Needham maintains a Buy rating on DoubleVerify Holdings but lowers the price target from $45 to $33.
While the maintenance of a Buy rating suggests continued confidence in DoubleVerify's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
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