RBC Capital Maintains Outperform on DoubleVerify Hldgs, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Swanson has maintained an Outperform rating on DoubleVerify Holdings (DV) but has lowered the price target from $49 to $40.
May 08, 2024 | 6:55 pm
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RBC Capital maintains an Outperform rating on DoubleVerify Holdings but lowers the price target from $49 to $40.
While the maintenance of an Outperform rating indicates continued confidence in the company's performance, the reduction in the price target could suggest a reassessment of the company's short-term growth prospects or market conditions. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100