In recent stock market developments, Lake Street analyst Eric Martinuzzi has maintained the 'Buy' rating for PubMatic (PUBM, Financial), a distinguished digital advertising technology company. Despite this, the price target has been adjusted downward from a previous $21.00 to a new target of $19.00.
The revision reflects a 9.52% decrease from the prior price target. This change suggests a cautious optimism, as the 'Buy' rating remains unchanged, indicating continued confidence in PubMatic's potential growth and market position, albeit with tempered near-term expectations.
PubMatic (PUBM, Financial) continues to operate under the NASDAQ exchange, where it remains a key player in the advertising technology space. Investors and market watchers are advised to note these adjustments while considering their investment strategies in the digital advertising sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for PubMatic Inc (PUBM, Financial) is $16.00 with a high estimate of $21.00 and a low estimate of $12.00. The average target implies an upside of 40.60% from the current price of $11.38. More detailed estimate data can be found on the PubMatic Inc (PUBM) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, PubMatic Inc's (PUBM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PubMatic Inc (PUBM, Financial) in one year is $16.22, suggesting a upside of 42.53% from the current price of $11.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PubMatic Inc (PUBM) Summary page.
