- The digital ad market is estimated to have crossed $200B in 2023 and could grow to $400B by 2030.
- Inuvo is poised to benefit from this large and growing market.
- A new wave of value and momentum stocks could be setting up for major moves—and Tim Melvin will name them live this Wednesday. Secure access here.
Last month, AI-based ad company Inuvo Inc INUV reported healthy results for the fourth quarter.
The company is poised for significant revenue growth given the "large and growing digital advertising market," according to HC Wainwright.
The Inuvo Analyst: Analyst Scott Buck initiated coverage of Inuvo with a Buy rating and price target of $2.
The Inuvo Thesis: The company’s proprietary IntentKey AI to model audiences and place digital ads for agencies, brands, and platforms, Buck said in the initiation note.
Check out other analyst stock ratings.
The digital advertising market is estimated to have crossed $200 billion in 2023. Over 50% of the market comprises of programmatic advertising, the analyst stated. The digital ad market is expected to grow to approximately $400 billion by 2030 thanks to AI and machine learning technologies.
"As the market continues to grow, we believe Inuvo is well positioned given a differentiated approach which better aligns with shifting consumer demand for privacy and new regulations," Buck wrote. He added that the company's revenue growth could accelerate 24.2% in 2025.
Price Action: Shares of Inuvo had risen by 2.09% to 36 cents at the time of publication on Tuesday.
Read More:
Image: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
