Morgan Stanley lowered the firm’s price target on DoubleVerify (DV) to $15 from $16.50 and keeps an Equal Weight rating on the shares after a “mixed quarter” in which an EBITDA beat was outweighed by the Q4 outlook of 10% revenue growth. While product innovation and customer adoption look “promising,” macro-driven weakness among large retailers weighs on the outlook, the analyst tells investors.
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