Macquarie Maintains Outperform on DoubleVerify Hldgs, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains an Outperform rating on DoubleVerify Holdings (NYSE:DV) but lowers the price target from $25 to $19.
October 11, 2024 | 3:01 pm
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Macquarie analyst Tim Nollen maintains an Outperform rating on DoubleVerify Holdings but lowers the price target from $25 to $19, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in DoubleVerify's performance, but the lowered price target from $25 to $19 indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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