In a report released yesterday, Omar Dessouky from Bank of America Securities reiterated a Buy rating on Integral Ad Science (IAS – Research Report), with a price target of $15.00.
Omar Dessouky has given his Buy rating due to a combination of factors including Integral Ad Science’s strong financial performance and strategic positioning. The company reported a significant revenue increase of 14% year-over-year in Q4, surpassing both its guidance and market expectations. This growth was notably driven by an impressive 29% rise in Publisher revenue, supported by increased OEM adoption and political spending.
Additionally, Integral Ad Science’s successful product rollouts on social platforms contributed to a 24% year-over-year increase in social measurement revenue. The company’s management has projected a 12% year-over-year topline growth for CY25, aligning with market expectations and slightly outperforming some competitors. Furthermore, the company’s valuation at 12x CY25E EBITDA is considered attractive compared to its peers, reinforcing Dessouky’s positive outlook on the stock.