AcuityAds price target raised to C$4.00 from C$3.25 at Canaccord

Canaccord analyst Aravinda Galappatthige raised the firm’s price target on AcuityAds to C$4.00 from C$3.25 and keeps a Buy rating on the shares. The analyst said we believe the Q4 result and comments around 2023 outlook could serve as an inflection point for the stock, particularly if the present momentum with respect to illumin self-serve growth sustains.