DoubleVerify price target raised to $18 from $17 at Stifel

Stifel raised the firm’s price target on DoubleVerify (DV) to $18 from $17 and keeps a Buy rating on the shares after having attended the company’s Innovation Day, during which the company shared several product updates and provided updated expectations for Q2 and FY25. The firm walked away from the event with a better grasp on DoubleVerify’s go-to-market and growth strategies and remains positive on the company’s ability to deliver value to advertisers, the analyst tells investors.