Piper Sandler lowered the firm’s price target on DoubleVerify (DV) to $21 from $30 and keeps an Overweight rating on the shares. The firm is also lowering its 2025/2026 estimates for DoubleVerify, as the troubled retail/CPG customer cohort will likely underperform the rest of the business next year. However, Piper sees the Q3 earnings call as a potential clearing event for DoubleVerify’s stock.
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