RBC Capital Maintains Outperform on PubMatic, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Swanson maintains an Outperform rating on PubMatic but lowers the price target from $26 to $23.
August 20, 2024 | 12:08 pm
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NEUTRAL IMPACT
RBC Capital has maintained its Outperform rating on PubMatic but reduced the price target from $26 to $23, indicating a slightly less optimistic outlook.
The maintenance of the Outperform rating suggests continued confidence in PubMatic's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100