BMO Capital has reiterated its "Outperform" rating for DoubleVerify Holdings (DV) and raised its price target to $27.00, representing a 3.85% increase. The company is expected to continue its positive outlook in the market. Analyst ratings include upgrades from JP Morgan and Needham, and a "Buy" rating from Truist Securities.
BMO Capital Markets has reiterated its "Outperform" rating for DoubleVerify Holdings (DV) and raised its price target to $27.00, representing a 3.85% increase. The company is expected to continue its positive outlook in the market. Analyst ratings include upgrades from JP Morgan and Needham, and a "Buy" rating from Truist Securities.
DoubleVerify recently reported quarterly revenue of $189.02 million, exceeding estimates, but missed earnings per share expectations by $0.01. The company's strong performance in AI-powered ad verification, CTV measurement, and programmatic ad expansion drove the revenue growth [2].
The stock currently holds a consensus rating of "Moderate Buy" with a target price average of $19.13 from various analysts. Morgan Stanley raised its target price to $18.00, pointing to a potential upside of 12.54% from the company's current price [1]. Needham & Company LLC also restated a "buy" rating and issued a $18.00 target price on shares of DoubleVerify [1].
DoubleVerify's Q2 revenue surged 21% year-over-year to $189.0 million, driven by robust performance across all three revenue lines. Activation revenue grew 25%, measurement revenue rose 15%, and supply-side revenue jumped 26% [2]. The company added 12 new enterprise clients, including Banco do Brasil, Emaar, and Puma, while expanding relationships with Fidelity and Kroger [2].
Despite aggressive growth, DoubleVerify maintained disciplined cost management, achieving a 30% adjusted EBITDA margin and a net income of $8.8 million. The company's Q2 performance exceeded its Innovation Day guidance, prompting an upward revision of full-year 2025 revenue growth to 15% and reaffirming its 32% adjusted EBITDA margin target [2].
References:
[1] https://www.marketbeat.com/instant-alerts/morgan-stanley-raises-doubleverify-nysedv-price-target-to-1800-2025-08-06/
[2] https://www.ainvest.com/news/doubleverify-q2-outperformance-strategic-innovation-catalyst-sustained-growth-2508/
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