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Roth Capital’s Top Picks In Internet, Media & Enabling Technologies For 2022

Roth Capital analyst Darren Aftahi named Digital Turbine Inc (NASDAQ:APPS), Fathom Holdings Inc (NASDAQ:FTHM), and Veritone Inc (NASDAQ:VERI) as the 2022 top picks in Internet,…
byAnusuya Lahiri
January 3, 2022
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  • Roth Capital analyst Darren Aftahi named Digital Turbine Inc (NASDAQ:APPS), Fathom Holdings Inc (NASDAQ:FTHM), and Veritone Inc (NASDAQ:VERI) as the 2022 top picks in Internet, Media & Enabling Technologies.
  • Aftahi has a Buy rating on all three companies.
  • However, Aftahi lowered the price target on Digital Turbine to $90 from $115, implying a 47.6% upside.
  • Aftahi slashed Fathom’s price target to $40 from $66.50, implying a 95.5% upside.
  • Aftahi decreased Veriton’s price target to $42 from $51, implying an 86.8% upside.
  • Aftahi re-rated the stocks citing valuation reset for his coverage universe as the “stay-at-homes” premium for many of the stocks over the last 18-plus months has waned, and he no longer believes as relevant.
  • Price Action: APPS shares closed lower by 2.94% at $60.99, FTHM down by 0.15% at $20.46, and VERI lower by 1.66% at $22.48 on Friday.
 
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