$46, $33, $33, $30, $29 These are the numbers I care about... I would rather listen to the insightful people on this board (who provide good analysis and have long been credible). Also, all the analysts out there are saying "strong buy". The price is an absolute bargain right now.
I have posted below some of the recent reports that have already been publicly posted by others. Sick and tired of listening to these whiny shorts and bashers (who simply want to buy back in cheaper). They must think we're all stupid.
Price Targets:
$33 - Echelon Wealth Partners
$30 - Desjardins
$33 - Canaccord Genuity
$29 - TD Securities
$46 - Accord Partners reiterated their January buy recommendation again during this dip, a week ago; in fact, they said they were 'buying this dip' and stood by their buy recommendation.
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TD Update Today: "We Remain Bullish"
Target Price: 29
AcuityAds Holdings Inc.
More Programmatic Ads on CTV Event
As per this release from FOX (LINK), the U.S. broadcaster has entered a deal with a supply side platform (SSP) called FreeWheel (owned by Comcast) in order to enable programmatic advertising sales to set-top-
box video-on-demand inventory across the Comcast Xfinity platform (the largest cable company in the U.S.).
Impact: SLIGHTLY POSITIVE
Connected TV (CTV) is expected to be a key source of growth for AdTech companies like Acuity, and it is notably an area of growth where neither cookies nor walled garden gatekeepers are potential headwinds.
We expect to see many deals going forward amongst broadcasters, SSPs, and DSPs (demand side platforms), in order to enable programmatic and targeted advertising to CTV households.
The first DSP to integrate with Fox inventory, via FreeWheel, is The Trade Desk, which makes sense to us because TTD is the largest independent programmatic player. The release states that integrations with other DSPs are expected in the coming months.
We remain bullish on the organic revenue growth prospects for Acuity, and we continue to look forward to an update on Q1 sales for the illumin platform in early April.