Truist analyst Youssef Squali raised the firm’s price target on DoubleVerify to $45 from $38 and keeps a Buy rating on the shares. The firm expects in line but “strong” Q2 results from DoubleVerify, with y/y revenue growth of 21% and adjusted EBITDA margins of 28%, the analyst tells investors in a research note. The firm remains constructive on DoubleVerify given its strong execution to-date and positioning within compelling secular growth segments.
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