DoubleVerify price target raised to $20 from $17 at Raymond James

Raymond James raised the firm’s price target on DoubleVerify (DV) to $20 from $17 and keeps an Outperform rating on the shares. DoubleVerify posted better than expected Q2 results and revised guidance upwards, with management emphasizing continued resilience in programmatic ad spending, the analyst tells investors in a research note. The firm sees a solid road ahead if the company can consistently execute.