JMP Securities Maintains Market Outperform on PubMatic, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on PubMatic (NASDAQ:PUBM), but lowered the price target from $21 to $17.
August 10, 2023 | 3:58 pm
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NEGATIVE IMPACT
PubMatic's price target has been lowered from $21 to $17 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities indicates a potential decrease in the stock's value in the short term. However, the maintenance of the Market Outperform rating suggests that the stock is still expected to perform better than the overall market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100