Stock Track | DoubleVerify Holdings Soars 5.32% on Analyst Upgrade and Price Target Cut

Stock Track

03-03

DoubleVerify Holdings, Inc. (DV) stock surged 5.32% in the pre-market trading session on Monday, following an analyst upgrade and price target revision.

According to reports, Bank of America Securities upgraded DoubleVerify from an "Underperform" rating to a "Neutral" rating. However, the firm also reduced its price target for the stock from $19 to $17, citing potential challenges or risks facing the company.

Despite the price target cut, the overall upgrade appears to have boosted investor sentiment, driving the stock higher in pre-market trading. Analysts polled by FactSet currently have an average rating of "Overweight" on DoubleVerify, with a mean price target of $20.76, suggesting potential upside from its current levels.

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(DV) stock surged 5.32% in the pre-market trading session on Monday, following an analyst upgrade and price target revision.</p>\n\n<p>According to reports, Bank of America Securities upgraded DoubleVerify from an \"Underperform\" rating to a \"Neutral\" rating. However, the firm also reduced its price target for the stock from $19 to $17, citing potential challenges or risks facing the company.</p>\n\n<p>Despite the price target cut, the overall upgrade appears to have boosted investor sentiment, driving the stock higher in pre-market trading. 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