ironSource price target lowered to $4.70 at Citi

• ironSource (NYSE:IS) has got its price target lowered at Citigroup in the research note issued on Thursday.
• The investment firm slightly cuts its price target to $4.70 from $5 on ironSource while keeping the rating unchanged at Buy.
• Stock is up 3.3% in mid-day trading session, however trading close to its 52-week low. Over the past 3 months, IS shares have lost 48% and down 76% in the past one year:
• While Wall Street analysts and SA Authors give a Strong Buy, Seeking Alpha Quant Rating System flag a Strong Sell with a warning that IS is at high risk of performing badly due to decelerating momentum and is overpriced when compared to other information technology stocks.
• Also Read: Netflix confirms talks for ad-supported service with 'all' the partners

Comments

[Liquidity Swords]

I do think this is one of the best under the radar values in "beaten down tech" at current prices. Profitable, reasonable p/e and p/s for the growth. Not unrealistic for a double from here as tech slowly gets rotated back into.

[MikeFromNZ]

I'll take $4.70, sold to the Citi specialist at booth #3 lol.

[jonesy78]

@MikeFromNZ Me too. However, I'd like the chance to build out a better position in the coming months. Think I'll probably get it. Luckily, my 1/4 position basis is @ 2.49. Another couple rate increases should do the trick.

[WillyDogg]

Only 88% upside now instead of 100%? Why bother….

[scone22]

Forgot they still had an investment bank