RBC Capital lowered the firm’s price target on DoubleVerify (DV) to $20 from $23 and keeps an Outperform rating on the shares. The company delivered a mixed quarter from a revenue perspective while adjustedEBITDA was better than expected, the analyst tells investors in a research note. In a year of investment, the management highlighted the product improvements they’ve delivered as well as the growing revenue contribution from faster growing sub-segments, the firm added.
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