Macquarie analyst Tim Nollen maintains $DoubleVerify (DV.US)$ with a buy rating, and sets the target price at $19.
According to TipRanks data, the analyst has a success rate of 46.8% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $DoubleVerify (DV.US)$'s main analysts recently are as follows:
The firm's supplier checks showed a decrease, leading to a reserved outlook on the software sector for the Q3 earnings season. While there's a favorable outlook for Dynatrace, anticipating a possible beat and raise quarter, the checks for Microsoft appeared weaker, though this may already be reflected in the current pricing. A challenging environment is expected to curb the potential for upside for DoubleVerify.
The advertising market is portrayed as robust, with ad agency organic growth sustaining an average of 3% in the third quarter. This scenario is expected to underpin a slight uptick in linear TV advertising revenues, although they remain in negative territory when the Olympics are excluded. The reduction in DoubleVerify's target is attributed to customers not reverting to previous spending levels.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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