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Fly News Breaks for November 5, 2019
TLRA
Nov 5, 2019 | 14:45 EDT
Lake Street analyst Mark Argento said he would be a buyer of Telaria on today's weakness as he sees the company being positioned to capitalize on continued connected TV growth in FY20 and believes the secular decline of the desktop business is already priced into the stock. eMarketer estimates CTV media spend in the U.S will increase 38% to $6.9B this year and Telaria's CTV growth is significantly outpacing these levels, which is a trend he expects to continue, Argento tells investors. He keeps a Buy rating and $11 price target on Telaria shares.
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