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Investing.com - Craig-Hallum has lowered its price target on DoubleVerify (NYSE:DV) to $20.00 from $22.00 while maintaining a Buy rating on the stock. Currently trading at $15.44, the company maintains impressive gross profit margins of 82.26% and shows strong financial health according to InvestingPro analysis.
The price target reduction follows BrightView’s updated outlook for fiscal year 2025 results issued on Sunday.
Craig-Hallum attributes much of the outlook reduction to external factors, including macroeconomic uncertainty and construction site labor challenges that impact the timing of development jobs and revenue recognition.
The firm notes that BrightView has actually increased its EBITDA margin and free cash flow guidance, which it views as evidence of successful internal turnaround initiatives.
Despite lowering estimates as growth gets pushed out, Craig-Hallum is defending the stock and encouraging investors to reconsider DoubleVerify following the expected pullback.
In other recent news, DoubleVerify has seen various developments that might interest investors. KeyBanc has raised its revenue and earnings estimates for DoubleVerify, following the company’s Innovation Day. The firm increased its 2025 revenue forecast by 3% to $744 million and its 2026 estimate by 2% to $824 million, also boosting its EBITDA projections for the same years. Meanwhile, Stifel raised its price target for DoubleVerify to $18 from $17, maintaining a Buy rating, after the company introduced its new Media AdVantage Platform. This new platform integrates solutions from DoubleVerify’s recent acquisitions, potentially increasing product adoption and upsell opportunities. JMP Securities and Citizens JMP both reiterated their Market Outperform ratings for DoubleVerify, with a price target of $20. They highlighted the company’s potential to connect attention metrics to media purchases through its Authentic Attention and SciBids products. Despite competitive considerations, these firms maintain a positive outlook on DoubleVerify’s capabilities in digital advertising verification. Additionally, Osisko Development Corp. provided an update on its Cariboo Gold Project in a filing with the SEC, detailing the project’s feasibility study and future operations. This report is significant for investors interested in Osisko’s operations and the mining sector.
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