Scotiabank lowered the firm’s price target on PubMatic (PUBM) to $15 from $17 and keeps a Sector Perform rating on the shares. The company reported disappointing Q4 results as well as Q1 guidance, the analyst tells investors. While the company’s CTV offering remains strong, the firm sees limited catalysts for significant outperformance in the near term.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PUBM:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue