Digital Turbine price target raised to $4.50 from $1.50 at BofA

BofA analyst Omar Dessouky raised the firm’s price target on Digital Turbine (APPS) to $4.50 from $1.50 and keeps an Underperform rating on the shares. Digital Turbine’s first quarter of growth since Q2 of FY23 marks “an important inflection” after 10 consecutive quarters of year-over-year declines, the analyst tells investors in a post-Q4 note. The firm thinks a turnaround is likely underway, but calls the stock’s relative value “still uncompelling” relative to many adtech peers with more sanguine growth outlooks and stronger competitive positions, yet trading at similar valuations.