-- DoubleVerify (DV) maintained its fiscal 2026 guidance due to confidence in its business momentum and growth opportunities from social, connected TV, and AI segments, RBC Capital Markets said in a Thursday research report.
DoubleVerify witnessed AI-driven tailwinds in Q1 with internal efficiencies from AI-driven operations and growing engagement rates from AI products. The company is also focused on exploring avenues for monetizing the AI chatbot marketing space, according to the note.
While Activation revenue growth was stable sequentially, Social and CTV growth accelerated in Q1 as management continues to view these units as top growth drivers for fiscal 2026, analysts wrote.
The company is looking to find ways to monetize the AI chatbot marketing space, leaning into ad-supported models, analysts said. It believes it is seeing high advertiser win rates and is well-positioned relative to competitors as it offers a broader set of services, while diversification remains a priority.
The brokerage said it reiterated its outperform rating on the stock and price target of $14 per share.
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