Perion Network Gains Buy Rating, Expands into Retail Media with Albertsons Partnership

Group 1 - Perion Network Ltd. has been identified as a small-cap tech stock that hedge funds were purchasing in Q2, with a recent Buy rating initiated by Craig-Hallum analyst Jason Kreyer, setting a price target of $14, indicating nearly 50% upside potential from current levels [1][3] - On September 25, Perion announced a strategic partnership with Albertsons Media Collective, granting access to first-party purchase data from over 2,200 stores and 100 million+ shoppers, allowing advertisers to target retail audiences more effectively [2][3] - The partnership with Albertsons signifies Perion's ambition in the retail media space, which is experiencing growth as brands seek alternatives to traditional advertising platforms, enhancing Perion's value proposition in omnichannel advertising [3] Group 2 - Perion Network Ltd. is based in Tel Aviv and New York, providing advertising solutions across various channels including search, social, display, and digital out-of-home (DOOH), serving clients such as brands, agencies, and publishers [4]