Perion Network price target raised to $14.50 from $14 at Roth Capital

Roth Capital raised the firm’s price target on Perion Network (PERI) to $14.50 from $14 and keeps a Buy rating on the shares. Q3 results were modestly above estimates, notes the analyst, who believes the return to positive year-over-year growth for the first time since Q1 of 2024 “marks an inflection point,” while the increase in the share repurchase authorization to $200M provides downside support.