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Positive Outlook and Upgraded Revenue Projections Justify Buy Rating for DoubleVerify Holdings

Positive Outlook and Upgraded Revenue Projections Justify Buy Rating for DoubleVerify Holdings

In a report released today, Laura Martin from Needham maintained a Buy rating on DoubleVerify Holdings (DVResearch Report), with a price target of $18.00.

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Laura Martin’s rating is based on the positive outlook for DoubleVerify Holdings, as evidenced by the company’s updated guidance and strong financial performance. The company has increased its revenue projections for the second quarter of 2025, expecting a year-over-year growth of 17% at the midpoint, along with an adjusted EBITDA margin of 30%.
Furthermore, for the full fiscal year 2025, DoubleVerify has revised its revenue growth expectations upwards to approximately 13% year-over-year, which is an improvement from the previous guidance of 10%. The adjusted EBITDA margin is anticipated to remain robust at around 32%. These factors contribute to Martin’s confidence in the company’s future performance, justifying the Buy rating.

In another report released on June 13, Scotiabank also maintained a Buy rating on the stock with a $24.00 price target.

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