Andrew Boone at JMP Securities reinforces Buy rating on DoubleVerify Holdings, citing Oracle's exit as a strategic market shift positioning DV favorably as a duopoly, driving potential revenue growth and pricing power.
Boone projects DoubleVerify to potentially exceed the 20% revenue growth, benefitting from industry consolidation towards a two-player structure post-Oracle's departure, aiming to capture a significant portion of Oracle's Moat revenue.
Market consolidation of contextual advertising solutions and potential Grapeshot wind-down may further boost DoubleVerify's market share and revenue growth in the verification and brand safety sector.
Boone's positive outlook on DoubleVerify is supported by the anticipation of new customer revenue influx post-Oracle's exit, potentially leading to DV exceeding revenue consensus for 2025.
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