Barclays has revised its price target for Integral Ad Science (IAS, Financial), reducing it from $14 to $7 while maintaining an Equal Weight rating on the stock. This update comes as part of a broader preview of the first-quarter earnings for U.S. software companies.
The firm indicates that the current quarter is unlikely to serve as a significant catalyst for stocks within the sector. While recent channel checks show some weakness, they do not signal a disastrous outcome. Despite this, investor attention is expected to pivot more towards forward-looking guidance.
Barclays expresses uncertainty about whether many software companies' management teams will significantly adjust their figures, given that Q1 typically represents a smaller portion of annual earnings. As a result, the firm anticipates that clear market direction may not emerge until the second quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Integral Ad Science Holding Corp (IAS, Financial) is $14.43 with a high estimate of $18.00 and a low estimate of $9.00. The average target implies an upside of 121.37% from the current price of $6.52. More detailed estimate data can be found on the Integral Ad Science Holding Corp (IAS) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Integral Ad Science Holding Corp's (IAS, Financial) average brokerage recommendation is currently 2.1, 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 Integral Ad Science Holding Corp (IAS, Financial) in one year is $15.06, suggesting a upside of 130.98% from the current price of $6.52. 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 Integral Ad Science Holding Corp (IAS) Summary page.
