In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on Direct Digital Holdings (DRCT – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $6.93.
Kurnos covers the Communication Services sector, focusing on stocks such as Magnite, Zillow Group Class A, and Direct Digital Holdings. According to TipRanks, Kurnos has an average return of 0.7% and a 43.22% success rate on recommended stocks.
Currently, the analyst consensus on Direct Digital Holdings is a Moderate Buy with an average price target of $22.84.
DRCT market cap is currently $96.05M and has a P/E ratio of 49.68.
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Direct Digital Holdings (DRCT) Company Description:
Direct Digital Holdings Inc is an end-to-end, full-service programmatic advertising platform primarily focused on providing advertising technology, data-driven campaign optimization and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.
Read More on DRCT:
- Direct Digital Holdings Works to Resolve Nasdaq Compliance
- Direct Digital price target lowered to $23 from $30 at Benchmark
- DRCT Earnings: Direct Digital Holdings Tanks After Loss in Q4
- Direct Digital price target lowered to $19 from $27.50 at Roth MKM
- Direct Digital downgraded to Market Perform from Outperform at Noble Capital
