By Dhirendra Tripathi
Investing.com – Digital Turbine (NASDAQ:APPS) shares rose 4% on Monday after the announcement it was buying Frankfurt-listed mobile advertising monetization platform Fyber in a $600 million deal.
Fyber is Digital’s third acquisition in less than a month.
Roth Capital analyst Darren Aftahi a week ago retained his buy rating on Digital Turbine, setting a price target of $100, which is approximately 19% above the present share price of $84.17.
The current consensus among six TipRanks analysts is for a strong buy rating of shares in Digital Turbine, with an average price target of $85.83.
The analysts’ price targets range from a high of $100 to a low of $65.
Digital Turbine In $600 Million Deal for Mobile Ad Monetization Platform Fyber
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