Barclays analyst Raimo Lenschow maintains $DoubleVerify (DV.US)$ with a buy rating, and adjusts the target price from $27 to $23.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoubleVerify (DV.US)$'s main analysts recently are as follows:
The outlook on software stocks for the Q3 earnings season is tempered due to supplier checks that have shown a decrease, making it challenging to maintain enthusiasm in the sector. Despite weaker indications for some companies, there are expectations for positive performance from others, with anticipation for strong quarterly results that could exceed forecasts. However, for certain stocks, the current environment may limit the potential for significant upside surprises.
The advertising market is perceived to be robust, with ad agency organic growth maintaining an average of 3% in the third quarter. This is anticipated to bolster a slight upturn in linear TV ad revenues, although the increase is still expected to be negative if the impact of the Olympics is excluded. The reduction in spending by DoubleVerify's customers is noted as a factor for the revision in expectations.
Note:
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