UPDATE: RBC Capital Starts PubMatic Inc (PUBM) at Outperform

(updating comment)

RBC Capital analyst Shweta Khajuria initiates coverage on PubMatic Inc (NASDAQ: PUBM) with a Outperform rating and a price target of $34.00.

The analyst comments "PubMatic addresses a large and attractive segment of the advertising market with powerful secular tailwinds including Programmatic, CTV, Digital Video, and Supply Path Optimization (SPO). We believe PubMatic can sustain healthy topline growth (~20%) with robust margins (close to 30% EBITDA margins) and we view current valuation at 7x ’22E EV/S as attractive vs. the company’s closest comps."

For an analyst ratings summary and ratings history on PubMatic Inc click here. For more ratings news on PubMatic Inc click here.

Shares of PubMatic Inc closed at $27.96 yesterday.

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