Ziff Davis price target raised to $45 from $34 at Barclays

Barclays raised the firm’s price target on Ziff Davis (ZD) to $45 from $34 and keeps an Equal Weight rating on the shares. The firm says “AI doomer-ism is creating over-shoots across all of consumer internet, and creating opportunities for value investors.” Ziff Davis’ agreement to sell its Connectivity division for $1.2B is the catalyst to “get things going,” the analyst tells investors in a research note.