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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