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Investing.com - Lake Street Capital Markets has reiterated its Hold rating on PubMatic Inc (NASDAQ:PUBM), maintaining its price target of $9.50 per share. The stock currently trades at $10.57, having declined nearly 38% over the past six months. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
The rating affirmation was issued by Lake Street Capital Markets analyst Eric Martinuzzi, who kept his previous assessment of the advertising technology company unchanged.
PubMatic operates a sell-side platform that enables real-time programmatic advertising transactions, primarily serving digital publishers and app developers.
The company’s technology allows publishers to monetize their digital advertising inventory across various channels, including mobile, desktop, and connected TV.
Lake Street Capital Markets’ maintained price target of $9.50 represents the firm’s assessment of PubMatic’s fair value based on its current business fundamentals and market position.
In other recent news, PubMatic Inc has faced several analyst adjustments following its recent earnings announcements and guidance. The company reported strong second-quarter 2025 results, surpassing expectations for both revenue and EBITDA. Despite these positive results, PubMatic’s third-quarter guidance has been a concern, leading to several price target reductions from analysts. Scotiabank (TSX:BNS) lowered its price target from $15.00 to $10.00, maintaining a Sector Perform rating due to the weak guidance. JMP Securities also reduced its target to $12.00 from $16.00, citing challenges with a major demand-side platform partner. Wolfe Research and Jefferies both adjusted their price targets to $10.00, with Wolfe noting the company’s healthy balance sheet and Jefferies reacting to the lower-than-expected revenue guidance. Additionally, B.Riley downgraded PubMatic from Buy to Neutral, reducing the price target to $9.00, due to issues with demand-side platform partners. These developments highlight the mixed outlook for PubMatic amid its recent financial performance and future projections.
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