- Shares of Digital Turbine Inc (NASDAQ: APPS) recently received a $29 price target from B. Riley. These are the details.
Shares of Digital Turbine Inc (NASDAQ: APPS) recently received a $29 price target from B. Riley. And B. Riley analyst Daniel Day recently launched coverage of the company with a “Buy” rating.
Day noted that Digital Turbine is known as a leading mobile app monetization and growth platform offering a suite of products to help publishers and app developers with user acquisition and monetization. . And Day pointed out that with the company’s stock down around 80% recently from 2021 highs, investors have “unfairly lumped” the company into a group of high-growth stocks lacking in flow generation. cash available in the short term.
Going forward, Day is modeling 27% annual revenue growth over the next 5 years, with EBITDA and free cash flow expected to grow even faster due to operating leverage. Additionally, Digital Turbine is an ideal name for investors looking for high-quality, mispriced stocks that have been unfairly punished amid the fog of the recent tech pullback.
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