AcquisitionThe deal to sell DESP to Prosus for $19.50 per share in cash is 33% above the previous stock price, indicating a strong premium.
Financial PerformanceDESP's adjusted EBITDA almost doubled, exceeding projections by 19%, and management raised its adjusted EBITDA guidance to over $170 million.
Stock Price TargetThe price target for DESP has been increased to $19.50 from the prior $14.00, reflecting a more optimistic outlook.