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DoubleVerify Holdings (DV) Receives a Buy from Bank of America Securities

Tipranks - Tipranks - Sat Feb 28, 6:28AM CST

In a report released yesterday, Omar Dessouky from Bank of America Securities reiterated a Buy rating on DoubleVerify Holdings, with a price target of $12.00. The company’s shares closed yesterday at $9.53.

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Dessouky covers the Communication Services sector, focusing on stocks such as AppLovin, Take-Two, and Roblox. According to TipRanks, Dessouky has an average return of 28.1% and a 50.77% success rate on recommended stocks.

Currently, the analyst consensus on DoubleVerify Holdings is a Moderate Buy with an average price target of $12.79, a 34.21% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $16.00 price target.

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Based on DoubleVerify Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $188.62 million and a net profit of $10.2 million. In comparison, last year the company earned a revenue of $169.56 million and had a net profit of $18.2 million

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