
DoubleVerify Holdings (DV) Stock Forecast & Price Target
DoubleVerify Holdings (DV) Analyst Ratings
Bulls say
DoubleVerify Holdings Inc. demonstrated robust financial growth, with total revenues increasing by 11% year-over-year to $188.6 million, driven primarily by a 27% rise in Supply-Side revenues and solid contributions from Activation and Measurement sectors. Additionally, key growth metrics indicate that the number of advertisers generating over $200,000 annually rose by 11%, signaling a strengthening client base and increased spending potential. Furthermore, the company's projected Adjusted EBITDA margin for FY25 improved to 33%, reflecting operational efficiencies and a positive trajectory for profitability.
Bears say
DoubleVerify Holdings Inc. has exhibited slowing revenue growth, with North American revenues decelerating to 12% year-over-year in the third quarter, down from 18% in the second quarter, and an overall revenue growth expectation of only 14% year-over-year for the fourth quarter, reduced from a prior estimate of 15%. Additionally, total ad revenue growth plummeted to 10% year-over-year in the third quarter, a significant drop from 21% in the second quarter, indicating challenges in the Retail vertical and a general trend of declining performance metrics, such as non-ABS revenue which grew just 8% year-over-year compared to 23% previously. The lowered price target reflects deep concerns about low revenue visibility, diminishing margins, and a strategic shift in the digital advertising landscape towards outcome-oriented models that may undermine DoubleVerify's traditional verification services.
This aggregate rating is based on analysts' research of DoubleVerify Holdings and is not a guaranteed prediction by Public.com or investment advice.
DoubleVerify Holdings (DV) Analyst Forecast & Price Prediction
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