UPDATE: Baird Starts ironSource Ltd. (IS) at Outperform

Baird analyst Colin Sebastian initiates coverage on ironSource Ltd. (NYSE: IS) with a Outperform rating and a price target of $12.00.

The analyst comments "In our view, ironSource is well positioned to generate solid annual revenue growth with operating leverage over the longer term, as one of the leading technology-oriented mobile marketing platforms that helps app developers reach users and monetize their apps. Despite near-term overhangs from the broader SPAC market, concerns over restrictions on user targeting (e.g., Apple/IDFA), and continuing dominance of large platforms, we believe ironSource will benefit from consolidating share in mobile marketing with particular strength in the lucrative mobile gaming market."

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

Shares of ironSource Ltd. closed at $7.92 yesterday.

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