--NeuroPace initiated with an Overweight at Morgan Stanley 07:26 NPCE
--Dick's Sporting price target raised to $97 from $85 at Wedbush 07:18 DKS Wedbush analyst Seth Basham raised the firm's price target on Dick's Sporting to $97 from $85 and keeps an Outperform rating on the shares. Basham remains constructive on shares into Q1 earnings on May 26, and believes sales trends accelerated since the company's 4Q20 earnings report, driven by fiscal stimulus, increasing consumer confidence, early spring weather and reemerging team sports, the analyst tells investors in a research note.
--Purple Innovation raises FY21 view to $860M-$900M, consensus $860.97M 07:17 PRPL
--KnowBe4 initiated with a Buy at Truist 07:17 KNBE Truist analyst Joel Fishbein initiated coverage of KnowBe4 with a Buy rating and $25 price target. In the wake of the Colonial Pipeline ransomware attack, the company looks to be well-positioned to capitalize on the rising number and sophistication of cyber-attacks at scale employing "social engineering techniques", the analyst tells investors in a research note, also citing a dramatic increase in the attack surface brought upon by the expanded use of technology.
Confusing note there I will research KnowBe4 (horrible name)
--DoubleVerify initiated with an Overweight at JPMorgan 07:17 DV
VS.
--DoubleVerify initiated with a Hold at Truist 07:14 DV Truist analyst Youssef Squali initiated coverage of DoubleVerify with a Hold rating and $30 price target. The company addresses a "critical issue" for digital media buyers by providing sophisticated software solutions to help them protect their brand reputation while maximizing their return on ad spend, particularly as more ad dollars shift from offline to digital channels, the analyst tells investors in a research note. Squali adds however that his neutral stance is warranted by the stock's valuation.
VS.
DoubleVerify initiated with a Buy at Canaccord 07:11 DV Canaccord analyst Michael Graham initiated coverage of DoubleVerify with a Buy rating and $40 price target. The analyst said its proprietary technology is integrated throughout the digital advertising ecosystem, including programmatic platforms, social media platforms, social media channels and digital publishers, enabling the company to analyze over 5 billion digital ad transactions daily to ensure impressions are free of fraud.
VS.
DoubleVerify initiated with an Outperform at RBC Capital 06:52 DV RBC Capital analyst Matthew Hedberg initiated coverage of DoubleVerify with an Outperform rating and $37 price target. The analyst is positive on the company's potential to expand its market share in a $20B digital media measurement and analytics market by 2025. Hedberg adds that DoubleVerify's DV Authentic Ad is becoming a digital media currency used by both advertisers and suppliers to measure the efficacy of advertising dollars.
--Dick's Sporting price target raised to $97 from $85 at Wedbush 07:18 DKS Wedbush analyst Seth Basham raised the firm's price target on Dick's Sporting to $97 from $85 and keeps an Outperform rating on the shares. Basham remains constructive on shares into Q1 earnings on May 26, and believes sales trends accelerated since the company's 4Q20 earnings report, driven by fiscal stimulus, increasing consumer confidence, early spring weather and reemerging team sports, the analyst tells investors in a research note.
--Purple Innovation raises FY21 view to $860M-$900M, consensus $860.97M 07:17 PRPL
--KnowBe4 initiated with a Buy at Truist 07:17 KNBE Truist analyst Joel Fishbein initiated coverage of KnowBe4 with a Buy rating and $25 price target. In the wake of the Colonial Pipeline ransomware attack, the company looks to be well-positioned to capitalize on the rising number and sophistication of cyber-attacks at scale employing "social engineering techniques", the analyst tells investors in a research note, also citing a dramatic increase in the attack surface brought upon by the expanded use of technology.
Confusing note there I will research KnowBe4 (horrible name)
--DoubleVerify initiated with an Overweight at JPMorgan 07:17 DV
VS.
--DoubleVerify initiated with a Hold at Truist 07:14 DV Truist analyst Youssef Squali initiated coverage of DoubleVerify with a Hold rating and $30 price target. The company addresses a "critical issue" for digital media buyers by providing sophisticated software solutions to help them protect their brand reputation while maximizing their return on ad spend, particularly as more ad dollars shift from offline to digital channels, the analyst tells investors in a research note. Squali adds however that his neutral stance is warranted by the stock's valuation.
VS.
DoubleVerify initiated with a Buy at Canaccord 07:11 DV Canaccord analyst Michael Graham initiated coverage of DoubleVerify with a Buy rating and $40 price target. The analyst said its proprietary technology is integrated throughout the digital advertising ecosystem, including programmatic platforms, social media platforms, social media channels and digital publishers, enabling the company to analyze over 5 billion digital ad transactions daily to ensure impressions are free of fraud.
VS.
DoubleVerify initiated with an Outperform at RBC Capital 06:52 DV RBC Capital analyst Matthew Hedberg initiated coverage of DoubleVerify with an Outperform rating and $37 price target. The analyst is positive on the company's potential to expand its market share in a $20B digital media measurement and analytics market by 2025. Hedberg adds that DoubleVerify's DV Authentic Ad is becoming a digital media currency used by both advertisers and suppliers to measure the efficacy of advertising dollars.
