In a report issued on June 14, Matthew Swanson from RBC Capital maintained a Buy rating on PubMatic (PUBM), with a price target of $43.00. The company’s shares closed last Tuesday at $33.68.
Currently, the analyst consensus on PubMatic is a Strong Buy with an average price target of $49.50, implying a 40.0% upside from current levels. In a report issued on June 10, Evercore ISI also upgraded the stock to Buy with a $40.00 price target.
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Based on PubMatic’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $43.61 million and net profit of $4.92 million. In comparison, last year the company earned revenue of $34.39 million and had a net profit of $4.12 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
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PubMatic Inc is engaged in the digital advertising business. The company provides specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The platform helps independent?app developers and publishers to control and maximize their?digital?advertising businesses.
