DoubleVerify price target lowered to $21 from $24 at RBC Capital

RBC Capital lowered the firm’s price target on DoubleVerify (DV) to $21 from $24 and keeps an Outperform rating on the shares. The firm expects solid results to start the year when the company reports next week, the analyst tells investors in a research note. DoubleVerify management gave a more conservative initial view of FY25 following the loss of a large customer dealing with macro headwinds, the firm adds.