- Perion knocked Q1 2021 earnings out of the park and raised guidance - again. I raise my fair value price to $26.77.
- A comparison to The Trade Desk and Magnite shows Perion significantly undervalued based on multiple value metrics.
- Perion’s balance sheet is solid as the company has negative net debt and increased cash; however, profitability remains a concern.
- Margin expansion is a challenge and an opportunity for Perion and its shareholders moving forward.
For further details see:
Perion Network: Raising Price Target And Looking For Margin Expansion After Q1