Barclays analyst Raimo Lenschow raised the firm’s price target on DoubleVerify (DV) to $27 from $23 and keeps an Overweight rating on the shares. With software “back in favor again,” valuation levels have now caught up to historical averages, the analyst tells investors in a research note. However, the firm says there could be further upside as estimates have not moved higher yet and as base valuations shift out another year to 2026.
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Read More on DV:
- DoubleVerify initiated with an Outperform at Scotiabank
- JMP Securities digital advertising analyst hold analyst/industry conference call
- DoubleVerify price target lowered to $25 from $33 at JMP Securities
- DoubleVerify price target lowered to $30 from $36 at Canaccord
- DoubleVerify price target lowered to $21 from $23 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
