Noble Financial analyst Michael Kupinski maintained a Buy rating on AdTheorent Holding (ADTH – Research Report) today and set a price target of $4.75. The company’s shares closed yesterday at $2.87.
Kupinski covers the Communication Services sector, focusing on stocks such as Salem Communications, Cumulus Media, and E. W. Scripps Company Class A. According to TipRanks, Kupinski has an average return of 12.4% and a 40.20% success rate on recommended stocks.
Currently, the analyst consensus on AdTheorent Holding is a Strong Buy with an average price target of $4.90, implying a 70.73% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $3.75 price target.
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Based on AdTheorent Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $40.89 million and a GAAP net loss of $4.19 million. In comparison, last year the company earned a revenue of $37.58 million and had a net profit of $5.73 million
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AdTheorent Holding (ADTH) Company Description:
MCAP Acquisition Corp is a blank check company.
Read More on ADTH:
- AdTheorent Holding Company, Inc. Reports Fourth Quarter and Full-Year 2023 Financial Results
- AdTheorent to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 12, 2024
- AdTheorent price target raised to $3 from $2 at Needham
- AdTheorent, Adelaide partner for campaign optimization, measurement
