Keefe Bruyette analyst Tommy McJoynt raised the firm’s price target on MediaAlpha (MAX) to $18 from $17 and keeps an Outperform rating on the shares. The firm had expected MediaAlpha would consider using its strong cash flow generation to repurchase shares opportunistically, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAX:
- MediaAlpha announces $32.9M private stock repurchase
- Strategic Positioning and Market Opportunities for MediaAlpha Amid Evolving Digital Consumer Behavior
- MediaAlpha’s Earnings Call: Mixed Outlook with Strong P&C Growth
- MediaAlpha: Strong P&C Growth and Regulatory Resolution Support Buy Rating
- MediaAlpha pays $45M to resolve FTC charges