Roth Capital analyst Darren Aftahi maintained a Buy rating on Digital Turbine Inc (APPS) today and set a price target of $4.25. The company’s shares closed yesterday at $3.09.
Aftahi observed:
“We believe APPS shares were weak yesterday on chatter about changes Google could make to its Chrome browser and third-party ad-targeting restrictions. APPS was lumped into this basket, when in fact ~85% of its revenue still comes from dynamic pre-load (no exposure) with the remaining ~15% from new services, which to our knowledge have little if most likely any exposure to Google. Post a very positive meeting at our conference last week, we would be accumulating on unnecessary weakness. Important Disclosures & Regulation AC Certification(s) are located on page 3 to 4 of this report.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.8% and a 54.4% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems Inc, and Veritone Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Digital Turbine Inc with a $4.23 average price target, implying a 36.9% upside from current levels. In a report issued on March 11, B.Riley FBR also maintained a Buy rating on the stock with a $4 price target.
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Based on Digital Turbine Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.35 million. In comparison, last year the company had a GAAP net loss of $3.8 million.
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Digital Turbine, Inc. delivers end to end products and solutions for mobile operators, application advertisers, device original equipment manufacturers and other third parties to enable them to monetize mobile content and generate user acquisition. It operates through two segments: Advertising and Content.
