#5 - Perion Network (NASDAQ:PERI)
For investors comfortable with investing in International stocks, Perion Network (NASDAQ:PERI) is one to watch. Perion is based in Israel and operates in the “advertising technology” sector. Specifically the company helps connect advertisers and publishers through its proprietary social marketing platform. The company is partnering with Microsoft (NASDAQ:MSFT) to monetize its Bing search engine.
The company has flourished in the pandemic. MarketBeat contributor Jea Yu summarized the company’s recent growth as follows: “The Company has been growing both organically and through acquisitions which prompted secondary offerings to (add) fuel to the strategy.” The company is also developing features such as QR scans and in-game ads during sports events.
Although the stock is down significantly from its 52-week high, PERI stock has still doubled since the start of 2021. And Jea Yu also points out that while the stock may look overvalued by some metrics, it offers a more attractive valuation than other competitors such as The Trade Desk (NASDAQ:TTD).
About Perion Network
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.
Read More - Current Price
- $8.53
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.13 (42.1% Upside)
