BMO Capital lowered the firm’s price target on DoubleVerify (DV) to $28 from $38 and keeps an Outperform rating on the shares. The company’s cohort of six” large retail/CPG advertisers remains uneven into FY25, and given this along with the recent expert commentary on broader CPG ad category weakness, the firm is reducing its FY25 revenue and EBITDA estimates by 4.0% and 9.4% to better reflect growth in its model, the analyst tells investors in a research note.
Don't Miss out on Research Tools:
- 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:
- DoubleVerify price target lowered to $21 from $30 at Piper Sandler
- DoubleVerify price target lowered to $33 from $34 at JMP Securities
- StockTok: Judge rules Meta must face attorneys general lawsuit
- DoubleVerify price target lowered to $22 from $25 at Stifel
- DoubleVerify price target lowered to $25 from $28 at Goldman Sachs