Stifel Reiterates Buy Rating on DoubleVerify (DV)

Stifel analyst Mark Kelley reiterated a Buy rating and $17.00 price target on DoubleVerify (NYSE: DV).

The analyst commented, "DV reported 1Q results ahead of expectations (both revs and EBITDA), particularly on the Activation side (noted Social Activation off to a solid start). Despite a lack of current macro pressure on customer activity (1Q outperformance consistent m/m and into April), DV left the full-year guide unchanged given the uncertainty around tariffs, etc. Overall, we are encouraged by the company's solid start to the year with early momentum building with new social activation products. Recent M&A is supporting growth in 2025, specifically with Scibids, with continued adoption growth, and Rockerbox provides additional room for upsell opportunities. We continue to favor DV as a place to participate within digital advertising, with a largely volume-based business model that is likely to benefit from declining ad prices, which tends to bring in more demand (i.e. ad impressions are likely to hold up). We slightly adjust our estimates, our TP stays $17; Maintain Buy."

For an analyst ratings summary and ratings history on DoubleVerify click here. For more ratings news on DoubleVerify click here.

Shares of DoubleVerify closed at $14.13 yesterday.

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