RBC Capital Maintains Outperform on PubMatic, Lowers Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Matthew Schultheis has maintained an 'Outperform' rating on PubMatic (NASDAQ:PUBM), but lowered the price target from $23 to $21.
August 09, 2023 | 3:02 pm
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RBC Capital has maintained an 'Outperform' rating on PubMatic but lowered the price target from $23 to $21.
The news is directly about PubMatic and its rating by RBC Capital. The 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target from $23 to $21 might create some negative sentiment among investors, potentially putting some downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100