Bank of America Securities analyst Omar Dessouky reiterated a Hold rating on DoubleVerify Holdings yesterday and set a price target of $18.00.
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Omar Dessouky has given his Hold rating due to a combination of factors that reflect both the positive performance and the uncertainties surrounding DoubleVerify Holdings. The company’s second-quarter results exceeded expectations with a notable revenue growth, driven by increased momentum in social measurement and activation. However, despite this strong performance, the management’s conservative guidance for the upcoming quarters, influenced by macroeconomic risks and challenging comparisons, suggests a cautious outlook for the near term.
Furthermore, while there is potential for significant growth in 2026 with new product innovations and emerging segments like CTV and Retail Media, the limited visibility into 2026 keeps the valuation restrained. Dessouky raised the price objective to $18, acknowledging the company’s potential but also emphasizing the need for more evidence of sustained growth before considering a higher growth trajectory. The Hold rating reflects a balanced view of the company’s current strengths and the uncertainties that lie ahead.
DV’s price has also changed moderately for the past six months – from $22.060 to $15.480, which is a -29.83% drop .