Canaccord analyst Michael Graham has adjusted the price target for DoubleVerify (DV, Financial), bringing it down from $26 to $24. Despite the reduction, the analyst maintains a Buy rating on the digital media analytics company.
The revision was made in response to adjustments in advertising budget forecasts, influenced by prevailing macroeconomic uncertainties. However, Graham indicates a positive outlook for DoubleVerify, noting that the company is well-positioned due to its attractive valuation. He emphasizes that, while short-term challenges exist, DoubleVerify is expected to benefit from longer-term growth trends in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for DoubleVerify Holdings Inc (DV, Financial) is $19.47 with a high estimate of $26.00 and a low estimate of $11.00. The average target implies an upside of 61.33% from the current price of $12.07. More detailed estimate data can be found on the DoubleVerify Holdings Inc (DV) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, DoubleVerify Holdings Inc's (DV, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DoubleVerify Holdings Inc (DV, Financial) in one year is $45.54, suggesting a upside of 277.3% from the current price of $12.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DoubleVerify Holdings Inc (DV) Summary page.
