Macquarie Upgrades IronSource to Outperform on Q3 Beat, Q4 Outlook; Considers Selloff as Misplaced

Macquarie Upgrades IronSource to Outperform on Q3 Beat, Q4 Outlook; Considers Selloff as Misplaced
San Francisco headquarter of the global software company IronSource in Bluxome Street, San Francisco, Calif., in Feb. 2021. Google Maps/Screenshot via The Epoch Times
|Updated:

Macquarie analyst Tim Nollen upgraded ironSource Ltd. to Outperform from Neutral with an unchanged price target of $14, implying 61.66 percent upside.

ironSource reported “good results” and raised guidance, so the roughly 40 percent stock selloff since November 10 looks “misplaced,” Nollen tells investors.