ironSource shares fell by 8.2% in a day, but analysts advise not to sell them
For the ironSource marketing company, the week did not start very smoothly. According to the portal Seeking Alpha, on Monday the price of its shares fell immediately by 8.2% to $ 2.29 apiece.
At the same time, Deutsche Bank lowered the valuation of ironSource shares to $5. However, this is still twice the amount at which securities are currently traded.
The bank’s analysts recommend buying shares. Apparently, Deutsche Bank expects them to rise in price again after ironSource reports for the second quarter of 2022. According to experts, its results will be about the same as in the first quarter. Recall that then the company’s revenue reached $ 190 million (+58% in annual terms).
Nevertheless, analysts pointed to a slowdown in activity in mobile games, including hyper-casual ones. This may affect the income of ironSource.
