Roth Capital 恢复 Digital Turbine（APPS）覆盖，给予买入评级、目标价19美元，但全部论据均复述8月旧财报

Digital Turbine ( APPS ) was in focus on Thursday as Roth Capital resumed coverage with a Buy rating and a $19 price target. “APPS' revenue growth acceleration in F26, from 11% in 1QF26 to 20% in 4QF26, was further extended by 1QF27's acceleration to 27%, demonstrating improving execution and customer demand,” Roth analyst Richard Baldry wrote in a note to clients. “We believe sustained accelerated revenue growth (above 15%) is likely for the current year, and possibly for several years thereafter (though we model more conservatively), an outlook that should support a meaningful step-up in AEBITDA over the two years ahead.” Baldry continued: “Upside to top- and bottom-line expectations in 1QF27 left F27 revenue guidance increased to $650-670M versus $630-650M prior, and AEBITDA to $145-155M versus $135-145M prior. In our view, this outlook still appears conservative, noting 1QF27 run-rate revenues/AEBITDA of $664M/$170M. With seasonality typically resulting in good sequential revenue growth in 2Q/3Q periods before a moderate pullback in 4Q, we believe flattish revenue expectation sequentially in 2QF27 should prove overly conservative.”