RBC Capital Maintains Outperform on PubMatic, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Swanson maintains an Outperform rating on PubMatic (NASDAQ:PUBM) but lowers the price target from $30 to $26.
August 09, 2024 | 7:48 pm
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RBC Capital analyst Matthew Swanson maintains an Outperform rating on PubMatic but lowers the price target from $30 to $26.
The Outperform rating suggests continued confidence in PubMatic's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100