Raymond James Maintains Outperform Rating for PubMatic: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for PubMatic (NASDAQ:PUBM) but lowered its price target from $18.00 to $17.00. PubMatic's shares are currently trading up 15.7% over the last 24 hours, at $14.00 per share. A move to $17.00 would account for a 21.43% increase from the current share price.
November 09, 2023 | 5:00 pm
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Raymond James has maintained its Outperform rating for PubMatic but lowered its price target. This could potentially lead to increased investor interest and a rise in the stock price.
The Outperform rating maintained by Raymond James indicates that they expect PubMatic to outperform the market or its sector in the short term. However, the lowering of the price target may indicate a slight caution. Despite this, the current upward trend in the stock's price and the potential 21.43% increase if it reaches the new target price could attract more investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100