RBC Capital Remains Bullish on Rubicon Project (RUBI) Following 3Q15 Results

RBC Capital reiterated an Outperform rating and $26.00 Price Target on The Rubicon Project, Inc. (NYSE: RUBI) following the company's 3Q15 earnings results. RUBI reported Non-GAAP Net Revenue and Adj. EBITDA of $57.9MM and $12.6MM above Street estimates at $52MM/$6MM, respectively.

Analyst Rohit Kulkarni commented, "RUBI reported a small beat Q3 result and tweaked up ‘15 guidance again. Managed Revenue increased 45% Y/Y, and higher Take Rates coupled with clean leverage led to record high 80%+ Net Revenue growth and 100%+ EBITDA growth. Reiterate Outperform. PT stays at $26. RUBI will be presenting at RBC’s TIMT Conference Nov. 10-11 in New York."

For an analyst ratings summary and ratings history on The Rubicon Project, Inc. click here. For more ratings news on The Rubicon Project, Inc. click here.

Shares of The Rubicon Project, Inc. closed at $16.53 yesterday.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Constellation Brands (STZ) PT Lowered to $157 at Jefferies
• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities