PubMatic upgraded to Buy from Hold at Lake Street

3 weeks ago 16

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Sat, February 28, 2026 astatine 8:00 AM CST 1 min read

Lake Street expert Eric Martinuzzi upgraded PubMatic (PUBM) to Buy from Hold with a price target of $10, up from $9.50. PubMatic delivered a beardown Q4, exceeding expectations connected some gross and adjusted EBITDA, successful what the steadfast calls an “inflection quarter.” Shares are “not yet retired of the woods,” but the steadfast is raising its standing arsenic it sees “four shafts of daylight,” namely DSP disruption having stabilized; gross and net should instrumentality to maturation successful Q3; Q4 stands to payment from a governmental advertizing kicker; and the presumption that shares are “dirt cheap.”

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PubMatic upgraded to Buy from Neutral astatine B. Riley
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