Integral Ad Science Shares Pop As Raymond James Upgrades To Strong Buy

Raymond James analyst Andrew Marok upgraded Integral Ad Science Holding Corp IAS to Strong Buy from Outperform with a price target of $27, up from $26. The price target implies an upside of 69%.
Marok had a strong conviction level in Integral Ad Science's long-term fundamental prospects combined with the stock's recent selloff, which he termed "unjustified."
Recently, Integral Ad Science reported fourth-quarter FY21 revenue growth of 31% year-on-year to $102.47 million, beating the consensus of $94.83 million.
Integral Ad Science sees Q1 revenue of $85 million -$87 million above the consensus of $84.41 million. It expects FY22 revenue of $416 million -$424 million above the consensus of $404.37 million.
Recently, Barclays saw Meta Platforms Inc's FB opening up of feed for Brand Suitability as a positive for Integral Ad Science.
Price Action: IAS shares traded higher by 10.34% at $16.07 on the last check Monday.