Nasdaq Down Over 50 Points; Uber Posts Q1 Loss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
0mins
Source: Benzinga
- U.S. Stock Market: Nasdaq Composite fell over 50 points, Dow down 0.05%, NASDAQ down 0.37%, and S&P 500 down 0.17%.
- Top Headline: Uber Technologies reported weaker-than-expected fiscal first-quarter financial results with revenue growth of 15% year-on-year.
- Equities Trading UP: Reborn Coffee, Inc. shares surged 104%, iSun, Inc. shares rose 44%, and Innodata Inc. shares increased by 39%.
- Equities Trading DOWN: Treace Medical Concepts, Inc. shares dropped 60%, DoubleVerify Holdings, Inc. shares were down 40%, and Seres Therapeutics, Inc. fell 35%.
- Commodities and Markets: Oil traded down 0.9%, gold down 0.2%, European shares were higher, and Asian markets closed lower on Wednesday.
Analyst Views on DV
Wall Street analysts forecast DV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DV is 15.57 USD with a low forecast of 10.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
12 Buy
4 Hold
1 Sell
Moderate Buy
Current: 10.560
Low
10.00
Averages
15.57
High
20.00
Current: 10.560
Low
10.00
Averages
15.57
High
20.00
About DV
DoubleVerify Holdings, Inc. offers a software platform for digital media measurement and analytics. The Company provides a range of solutions, such as DV Authentic Ad, DV Authentic Attention, Custom Contextual, Scibids AI, and Supply-Side Solutions. The DV Authentic Ad evaluates the existence of fraud, brand safety, viewability and geography for each digital ad. The Authentic Attention analyzes key user-initiated events that occur while the ad creative is exposed, including user touches, screen orientation, video playback, and audio control interactions. The Custom Contextual allows advertisers to match their ads to relevant content in order to maximize user engagement and drive campaign performance. The Supply-side advertising platform utilizes its data analytics to validate the quality of their ad inventory and provide metrics for their customers to facilitate the targeting and purchasing of digital ads.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
