Lake Street analyst Eric Martinuzzi raised the firm’s price target on PubMatic (PUBM) to $13 from $10 and keeps a Buy rating on the shares. PubMatic delivered upside in Q1 and he Q2 revenue guidance midpoint is ahead of consensus, notes the analyst, who anticipates growth of 4% in Q3 and 10% in Q4.
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Read More on PUBM:
- PubMatic reports Q1 adjusted EPS (11c), consensus (16c)
- PubMatic sees Q2 revenue $68M-$70M, consensus $66.67M
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