Raymond James analyst Andrew Marok upgraded Integral Ad Science Holding Corp. to Strong Buy from Outperform with a price target of $27, up from $26. The price target implies an upside of 69 percent. Marok had a strong conviction level in Integral Ad Science’s long-term fundamental prospects combined with the stock’s recent selloff, which he termed “unjustified.” Recently, Integral Ad Science reported fourth-quarter FY21 revenue growth of 31 percent year-on-year to $102.47 million, beating the consensus of $94.83 million. Integral Ad Science sees Q1 revenue of $85 million–$87 million above the consensus of $84.41 million. It expects FY22 revenue of $416 million–$424 million above the consensus of $404.37 million. Recently, Barclays saw Meta Platforms Inc.’s opening up of feed for Brand Suitability as a positive for Integral Ad Science. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
Integral Ad Science Shares Pop as Raymond James Upgrades to Strong Buy
March 22, 2022
admin
0 Comment