"Goldman Sachs analyst Eric Sheridan lowered the firm's price target on DoubleVerify () to $13.50 from $18.50 and keeps a Neutral rating on the shares as part of a broader research note previewing Q3 results in Digital Advertising names. On revenue growth estimates, the firm is cautious amid continued uncertain macro environment, while on expenses, Goldman is lowering its forward margin estimates to better align with the company's expectation to continue to invest in key growth initiatives, the analyst tells investors in a research note."
"On revenue growth estimates, the firm is cautious amid continued uncertain macro environment, while on expenses, Goldman is lowering its forward margin estimates to better align with the company's expectation to continue to invest in key growth initiatives, the analyst tells investors in a research note. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>"
Goldman Sachs lowered its price target on DoubleVerify to $13.50 from $18.50 and maintained a Neutral rating on the shares. The adjustment aligns with expectations around upcoming Q3 results within the digital advertising sector. The firm expressed caution on revenue growth estimates given the continued uncertain macroeconomic environment. Goldman lowered its forward margin estimates to better align with the company’s expectation to continue investing in key growth initiatives. The revisions reflect a combination of tempered top-line outlook and planned expense-driven investments that could pressure near-term margins while supporting longer-term growth.
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