Macquarie Downgrades PubMatic to Neutral, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
Macquarie analyst Tim Nollen has downgraded PubMatic (NASDAQ:PUBM) from Outperform to Neutral and lowered the price target from $23 to $16.
August 09, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
PubMatic's rating has been downgraded from Outperform to Neutral by Macquarie, with a lowered price target from $23 to $16.
The downgrade from Outperform to Neutral by Macquarie indicates a less optimistic outlook for PubMatic. The lowered price target from $23 to $16 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100