Craig-Hallum raised the firm’s price target on Digital Turbine (APPS) to $7 from $4 and keeps a Buy rating on the shares. The firm believes investors should own Digital Turbine now as the company is working with large SingleTap customers in preparation for alternative app store launches. The company had a strong quarter and guide on strength of its on-device group. All-in, Craig-Hallum believes Digital Turbine will build back shareholder value over the next several quarters as they continue to sign SingleTap customers and grow their DT Exchange business.
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