Scotiabank initiated coverage of DoubleVerify (DV) with an Outperform rating and $24 price target as the firm initiated coverage of sic companies in the advertising technology space. In AdTech, the firm believes DoubleVerify’s strong market position and expanding margin profile justify its premium valuation relative to its peers, the analyst tells investors. Its platform offers a critical solution for ensuring campaign success as advertisers continue to prioritize measurable and verified outcomes, the analyst added.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DV:
- 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
- DoubleVerify Reports Strong Q3 2024 Financial Results