Analyst Scoreboard: 6 Ratings For PubMatic
Portfolio Pulse from Benzinga Insights
In the past three months, six analysts have provided ratings for PubMatic (NASDAQ:PUBM), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased from $27.40 to $21.83, reflecting a 20.33% decline. Analysts have adjusted their ratings and price targets, with some lowering their expectations. PubMatic, a leading supply-side platform in digital advertising, has shown solid revenue growth and strong financial health, despite trailing behind industry peers in growth rate.
August 20, 2024 | 2:00 pm
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PubMatic has received mixed analyst ratings, with a decrease in the average 12-month price target from $27.40 to $21.83, indicating a 20.33% decline. Analysts have adjusted their ratings, with some lowering their expectations. Despite solid revenue growth and strong financial health, PubMatic's growth rate lags behind industry peers.
The decrease in the average price target and the lowering of ratings by several analysts suggest a negative short-term outlook for PubMatic. Despite positive financial metrics, the company's growth rate lags behind peers, which may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100