DoubleVerify price target lowered to $27 from $30 at Barclays

Barclays lowered the firm’s price target on DoubleVerify to $27 from $30 and keeps an Overweight rating on the shares as part of a Q2 preview for on-cycle software names. Software is set-up for a “very binary Q2,” the analyst tells investors in a research note. The firm says this earnings season will be crucial for gauging the rest of the year. Its checks “are solid so there could be a come back story,” but currency “could spoil the party somewhat,” contends Barclays.