Evercore ISI analyst Robert Coolbrith raised the firm’s price target on PubMatic (PUBM) to $13 from $12 and keeps an Outperform rating on the shares. Q3 results were “impressive,” beating expectations on both revenue and EBITDA, the analyst tells investors. The company continues to show resilience and adaptability in a shifting landscape, particularly with AI advancements and diversified demand sources, the analyst added.
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