DoubleVerify Holdings shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $40 to $21.
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify Holdings shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $40 to $21.
June 25, 2024 | 11:41 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
DoubleVerify Holdings shares are trading lower due to a downgrade by Morgan Stanley from Overweight to Equal-Weight, with a significant reduction in the price target from $40 to $21.
The downgrade by a major financial institution like Morgan Stanley, along with a substantial reduction in the price target, is likely to negatively impact investor sentiment and lead to a short-term decline in DoubleVerify Holdings' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100