DoubleVerify Shares Pop On Bullish Analyst Ratings

Analysts assigned DoubleVerify Holdings Inc DV with Buy ratings.
Truist analyst Youssef Squali upgraded to Buy from Hold with a $38 price target, implying a 15.7% upside.
Squali says that the recent pullback in DoubleVerify shares offers an attractive buying opportunity, as he sees the risk/reward as compelling.
Since its April IPO, the solid earnings performance, augmented by two recent acquisitions, is likely to drive faster than expected growth in FY22 and beyond.
Cannonball Research analyst Vasily Karasyov initiated coverage with a Buy rating and $42 price target, implying a 28% upside.
Current consensus estimates "are doable," and there is room for upside from better programmatic market conditions and/or execution.
DoubleVerify's software platform enables advertisers to increase the efficiency and quality of their digital spending by preventing fraud and measuring such parameters as viewability and geography.
Price Action: DV shares traded higher by 4.15% at $32.84 in the premarket session on the last check Monday.

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