Canaccord Genuity Maintains Buy on DoubleVerify Hldgs, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Graham maintains a Buy rating on DoubleVerify Holdings (DV) but lowers the price target from $48 to $40.

May 08, 2024 | 4:45 pm
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Canaccord Genuity maintains a Buy rating on DoubleVerify Holdings but lowers the price target from $48 to $40.
While the maintenance of a Buy rating by Canaccord Genuity indicates continued confidence in DoubleVerify Holdings' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions that might temper short-term price expectations. However, the overall positive stance suggests that any negative impact from the lowered target might be mitigated by the underlying buy recommendation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100