Goldman Sachs Slashes PT on DoubleVerify Holdings (DV) to $13.50 From $18.50, Keeps a Neutral Rating

DoubleVerify Holdings Inc. (NYSE:DV) is one of the best small cap stocks with the highest upside. On October 14, DoubleVerify Holdings Inc. (NYSE:DV) received a rating update from Goldman Sachs analyst Eric Sheridan who slashed the firm’s price target on the stock to $13.50 from $18.50 while keeping a Neutral rating on the shares.

Why DoubleVerify Holdings Inc. (DV) Surged On Monday?

A digital publisher using the company’s predictive analytics to create relevant content on a webpage.

The analyst told investors in a research note that the rating update came as part of a broader research note previewing Q3 results in Digital Advertising names. Sheridan stated that the firm is cautious on revenue growth estimates amid a continued uncertain macro environment.

He added that on expenses, Goldman Sachs is reducing its forward margin estimates to coincide with the company’s expectations for continued investment in key growth initiatives.

DoubleVerify Holdings Inc. (NYSE:DV) develops software platforms for digital media measurement, analytics, and data. The company’s software, Pinnacle, is integrated across the entire digital advertising ecosystem, including social media channels, programmatic platforms, and digital publishers.

While we acknowledge the potential of DV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DV and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.