2023-01-30 08:40:59 TRMR Tremor International
01/30/23 01/3008:40 01/30/2308:40 | Tremor International initiated with a Buy at Lake StreetLake Street analyst Eric Martinuzzi initiated coverage of Tremor International with a Buy rating and $12 price target. Demand for Tremor International's ad services contracted and earnings declined during "a difficult 2022," but the firm believes recent events -including the acquisition of Amobee and an investment in VIDAA - offer investors two positive catalysts and have the company "teed up to return to growth." The firm believes the stock's low valuation creates a high floor despite the current negative market sentiment towards the shares. |
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