Macquarie analyst Tim Nollen lowered the firm’s price target on Digital Turbine (APPS) to $2 from $3 and keeps a Neutral rating on the shares. The company’s fiscal Q2 results were below expectations and its updated fiscal 2025 revenue guidance is materially lower than consensus, the analyst tells investors in a research note. The firm says Digital Turbine’s recovery “seems thwarted” by slower handset upgrade cycles and declines in gaming ads.
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