DoubleVerify: Attractive Valuation Amidst An Improved Outlook (Rating Upgrade)

  • Updated Q2 guidance points to 17% year-over-year growth, compared to 10% expected previously. Expectation for full-year revenue growth was raised to 13%, from the prior 10%. While this guidance implies a sharp deceleration in the second half, this appears to be due to management being conservative given the macro uncertainty.